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Thales: FY 2017 adjusted earnings up 9%

(CercleFinance.com) - Thales has published adjusted net income, group share of 982 million euros for FY 2017, up 9%, with EBIT of 1,543 million euros, up 14% (+16% in organic terms), hence exceeding its annual targets.

Revenues rose by 6.1% to 15,795 million euros (+7.2% like-for-like). At 31 December 2017, the group's consolidated order book reached 31,914 million euros, or nearly two years of revenues.

Thales' Board of Directors has decided to propose a dividend of 1.75 euros per share, up 9%. For 2018, Thales expects organic sales growth of between 4% and 5%, with EBIT between 1,620 million euros and 1,660 million euros.

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