Q3 2017 order intake and sales
Thales (Euronext Paris: HO) announced today its order intake and sales for the period ending 30 September 2017.
Patrice Caine, Chairman and Chief Executive Officer, commented:
“In the first nine months of the year, thanks to the commitment of our teams around the world, Thales has maintained a solid commercial momentum. Order intake is in line with our expectations and, unsurprisingly, lower than in the first nine months of 2016, which benefited from the Indian Rafale contract. We confirm all of our annual objectives, with the slight decline in sales in the third quarter due solely to phasing effects.”
- Order intake in line with expectations: €8.8 billion, down 14%
- Sales: €10.3 billion, up 3.5% on an organic basis [1] (up 3.0% on a reported basis)
- IFRS 15 implementation: limited impact on the H1 2017 financial statements, non-representative of the effects on future periods
- All objectives confirmed
| Order intake (in € millions) | 9m 2017 |
9m 2016 |
Total change | Organic change |
| Aerospace | 3,049 | 3,735 | -18% | -18% |
| Transport | 976 | 687 | +42% | +43% |
| Defence & Security | 4,766 | 5,748 | -17% | -17% |
| Other | 42 | 47 | ||
| Total | 8,833 | 10,216 | -14% | -13% |
| Sales (in € millions) | ||||
| Aerospace | 4,068 | 3,898 | +4.4% | +4.5% |
| Transport | 1,060 | 1,046 | +1.3% | +2.3% |
| Defence & Security | 5,163 | 5,028 | +2.7% | +3.5% |
| Other | 45 | 61 | ||
| Total | 10,336 | 10,033 | +3.0% | +3.5% |
| Of which mature markets [2] | 7,103 | 7,077 | +0.4% | +0.8% |
| Of which emerging markets [2] | 3,233 | 2,956 | +9.4% | +10.1% |
[1] “Organic” means “at constant scope and exchange rates”.
[2] Mature markets: Europe, North America, Australia, New Zealand. Emerging markets: all other countries.
During the quarter, the Group continued to work on the implementation of IFRS 15 – Revenue from contracts with customers, which becomes mandatory as of 1st January 2018. Had the standard been applied as of 1 January 2017, the Group estimates that its H1 2017 results would not have been significantly different from the reported results. Differences are reviewed in the press release, and will be commented during the conference call.
We are pleased to invite you to participate in this conference call in English:
Thursday, 19 October 2017 at 08:30 am (CET)
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International dial-in number: +44 203 043 24 40 + code PIN: 96997467#
It will be also possible to follow the conference call through a webcast by using the following link: https://edge.media-server.com/m6/p/6b5bimas
If you are unable to listen to the call live, a digital replay will be available a few hours after the end of the conference call and will remain available for 90 days. To access the replay, please dial +33 (0)1 72 00 15 00 or +44 (0) 203 367 94 60 (code 310951#).