2016 Half-year results
Thales’s Board of Directors met on 21 July 2016 to review the financial statements for the first half of 2016.
Patrice Caine, Chairman & Chief Executive Officer, commented, “The H1 2016 results perfectly illustrate the momentum created by Thales over the past 18 months, combining growth in sales and improvement in margins. All segments contributed to growth, and profitability rose in line with our targets for the year and with our medium-term objectives. The order intake is in line with our expectations; it is comparable to last year if we take away the exceptional contracts that were recorded in H1 2015. All the Group’s teams remain focused on the initiatives launched as part of the Ambition 10 plan, which will continue to foster profitable growth.”
- Order intake in line with expectations: €5.4 billion, down 13%
- Sales: €6.85 billion, up 8.9% at constant scope and currency (+7.9% on a reported basis)
- EBIT: €551 million, up 17%
- Adjusted net income, Group share2: €367 million, up 17%
- Very good level of free operating cash flow2 for a first half year: +€45 million
(H1 2015: -€304 million)
- Objectives confirmed
|in millions of euros except income
per share (in euros)
|H1 2016||H1 2015||Total change||Organic change|
|Order book at end of period||30,374||32,292||-6%||-4%|
|in % of sales||8.1%||7.5%||+0.6 pts||+0.7 pts|
|Adjusted net income, Group share2||367||313||+17%|
|Adjusted net income, Group share, per share2||1.74||1.51||+15%|
|Consolidated net income, Group share||384||266||+44%|
|Free operating cash flow2||45||(304)||NM|
|Net cash at end of period||1,439||1,9781||-27%|
We are pleased to invite you to participate in our conference call in English:
Friday, 22 July 2016 at 8:30 am (CET)
Dial-in number from France: + 33 (0) 1 70 77 09 47
International dial-in number: + 44 (0) 203 367 94 62.
It will be also possible to follow the conference call through a webcast by using the following link: http://edge.media-server.com/m/p/at3nn4i5.
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 302418#).