Thales: posts net Q1 results of E457 million (+53%)

(CercleFinance.com) - Turnover reaches E7,452 million for the first half of 2018, up 4.
7% year-on-year and 6.9% at constant scope and exchange rates.

New orders for the first half of 2018 came to E6,331 million, up 5% compared to the first half of 2017 (+8% at constant scope and exchange rates). As at 30 June 2018, the consolidated order book reached E31.0 billion, or close to 2 years of turnover.

The group share of consolidated net results reaches E457 million. This represents a growth of 53%.

The group confirms all of its targets. Orders for 2018 should come to approximately E15.5 billion. Turnover should show organic growth of 4% to 5% compared to 2017. Management expects EBIT of between E1,620 and E1,660 million, up 19% to 22% compared to 2017.

Over the period 2018-2021, the group is aiming for organic revenue growth of between +3% and +5%, and an EBIT margin of between 11% and 11.5% horizon 2021.

Copyright (c) 2018 CercleFinance.com. All rights reserved.