Facebook
Twitter
LinkedIn
Thales's Board of Directors (Euronext Paris: HO) met on 23 July 2021 to review the financial statements for the first half of 2021. [1]
Thales's H1 2021 results recorded a sharp rebound, once again demonstrating the resilience of our business model and the relevance of the strategic choices - both technological and industrial - implemented.
Commercial momentum was especially strong in space, defense and cybersecurity.
On a pro forma basis, EBIT was already close to its 2019 level. The robust improvement in Transport and Digital Identity and Security (DIS - formerly Gemalto) almost entirely offset the steep decline in Aerospace, which remained affected by the consequences of the health crisis on the civil aeronautics market.
Free operating cash flow was well ahead of plan.
These results illustrate the commitment and professionalism of Thales teams, whom I want to thank warmly.
Given the robustness of growth over the first months of 2021, we are raising our sales target for the year. We now expect sales of between 17.5 billion and 18 billion.
The world of tomorrow requires digital solutions contributing to a safer, more sustainable, and more inclusive world, which widens the scope of growth opportunities for Thales. All Group teams are mobilized to support our customers in this transformation.
Patrice Caine, Chairman & Chief Executive Officer
Order intake: 8.2 billion, up 35% ( 37% on an organic basis [2])
Sales: 8.4 billion, up 8.7% ( 9.8% on an organic basis)
EBIT [2]: 768 million, up 121% ( 119% on an organic basis)
Adjusted net income, Group share [3]: 591 million, up 155%
Consolidated net income, Group share: 433 million, up 565%
Free operating cash flow [3]: 420 million
2021 sales target upgraded: sales now expected between 17.5 billion and 18.0 billion [4]
In millions,
except earnings and dividend per share (in )
H1 2021
H1 2020
Total change
Organic change
Order intake
8,244
6,092
35%
37%
Order book at end of period
34,629
31,662
9%
Sales
8,423
7,751
8.7%
9.8%
EBIT [3]
768
348
121%
119%
as a % of sales
9.1%
4.5%
4.6 pts
4.6 pts
Adjusted net income, Group share [3]
591
232
155%
Adjusted net income, Group share, per share [3]
2.78
1.09
155%
Consolidated net income, Group share
433
65
566%
Free operating cash flow [3]
420
-471
891
Net cash (debt) at end of period [3]
-2,496
-3,928 [5]
1,432
We are pleased to invite you to participate to this Conference Call or Webcast, in English, on:
Friday, July 23, 2021 at 8:30 AM (CET)
Dial-in the following numbers:
Telephone conference numbers and confirmation code
Dial in details:
Standard international: 44 (0) 2071 928338
France, Paris (Local): 33 (0) 170700781
France (FreeCall): 0805101465
United Kingdom (Local): 44 (0) 8444819752
United Kingdom (FreeCall): 08002796619
United States, New York (Local): 16467413167
United States (FreeCall): 18778709135
Confirmation Code: 2079972
It will be also possible to follow the conference call through a Webcast by using the following link:
https://edge.media-server.com/mmc/p/dzrfhq8a
If you are unable to listen to the call, please find below the REPLAY Dial in details:
23/07/2021 14:00 CET - 30/07/2021 14:00 CET
France: 33 (0)1 70 95 03 48
Standard International: 44 (0) 3333009785
Confirmation Code: 2079972
Notes
[1] The limited review of the financial statements has been completed and the statutory auditors' report has been issued following the meeting of the Board of Directors
[2] Organic means at constant scope and currency. See note on methodology and calculation in press release
[3] Non-GAAP financial indicators, see definitions in the appendices of the press release
[4] Previous target, set on 3 March 2021: 17.1 billion to 17.9 billion.
[5] Net debt at 30 June 2020.
Documents
Thales reports its H1 2021 results - Press release - 23 July 2021
Thales - Consolidated financial statements at 30 June 2021
Thales - H1 2021 - Slideshow
Contact
C dric Leurquin
33 (0)1 57 77 86 26 cedric.leurquin@thalesgroup.com
Bertrand Delcaire - Thales, Analysts/Investors
33 (0)1 57 77 89 02 ir@thalesgroup.com
Europe Stories
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
02/05/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
01/05/2026
January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...
01/04/2026
January 4 2026, 18:00 (PST) DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION
Douyin Users Can Now Create And Share Videos With Stun...
15/03/2026
Visit ToolsOnAir at NAB Las Vegas 2026
More Details:From April 19-22, join us at NAB Show Las Vegas in the North Hall, Booth N1258, for an exclusive preview of...
15/03/2026
Latest dark drama, thrillers & tension library announced
The Very Loud Indeed Co.'s latest Kontakt library has just arrived, delivering a third instalme...
14/03/2026
Combines mic, USB interface & wireless IEMs
Following a successful Kickstarter campaign, HISONG have announced that their innovative AirStudio S1 device is ...
13/03/2026
Spotify has always been built around your taste. More than 80% of listeners say personalization is what they love most about us. Now we're taking that even ...
13/03/2026
The new Spotify Legends Club has opened its doors. Its members: select German-sp...
13/03/2026
Pushing drum sampler technology into new territories
The latest version of Klevgrand's software drum sampler has just arrived, boasting a newly designe...
13/03/2026
Expanded headphone support & engine improvements
IK Multimedia's recently introduced ARC On-Ear system brings the power of their monitoring-correction s...
13/03/2026
Extra sound collections, more presets & new Keys category
UVI's rhythm and pattern instrument has just received a major update that introduces four new ...
13/03/2026
13 Mar 2026
VEON Delivers Record Digital Growth: 4Q25 Digital Revenues Grow 84%...
13/03/2026
Friday 13 March 2026
Sky Adds Blood on Snow to Original Film Slate in Acquisiti...
13/03/2026
RT has announced today that Rick O'Shea is the new presenter of Arena RT Radio 1's flagship weeknight arts and culture programme. Rick has been pres...
13/03/2026
Lights! Camera! Action! The 98th Oscars set to air live as RT backs the Irish n...
12/03/2026
Staines-upon-Thames, UK, 11th March, 2026 - Yospace, the trusted leader in Dyna...
12/03/2026
In Latin America, women are shaping music and defining its future. To kick off t...
12/03/2026
En Am rica Latina, las mujeres est n moldeando la m sica y definiendo su futuro....
12/03/2026
Let's turn back the clock 20 years: The music landscape was a world away fro...
12/03/2026
Bad Bunny is no stranger to Spotify's Billions Club. In fact, he has a whopp...
12/03/2026
Spotify was at the London Book Fair this week, joining conversations across the publishing industry about how people can make reading part of their daily lives....
12/03/2026
Mastering tool improves mono compatibility
Tokyo Dawn Labs' Ohlhorst Digital range is a series of mastering-focused plug-ins developed by Jan Ohlhorst, ...
12/03/2026
Wave FX processor integrated into four products
Lewitt have teamed up with Elgato to create a new processor for the company's Wave Next product range, i...
12/03/2026
Free tool for annotating audio files
Mix Notes is a new, free iOS App that provides users with a simple way to annotate their audio files. It's been cre...
12/03/2026
Side-chain ducking tool gets an upgrade
Devious Machines' popular side-chaining and envelope-shaping tool has just been kitted out with an improved enve...
12/03/2026
Ceremony to take place on 16 April 2026
The MPG (Music Producers Guild) have revealed the full shortlist for this year's MPG Awards, which will be takin...
12/03/2026
Emulates three classic dbx 160 variants
The latest arrival to Overloud's Gem Series plug-in range faithfully recreates not one, but three versions of th...
12/03/2026
New granular soft synth announced
Said to be their most advanced software synthesizer to date, Baby Audio's latest release has been built on a new granu...
12/03/2026
Latest version now live!
Edit 11 March 2026 - Bitwig Studio 6 is now live, and available for all to download!
The latest version of Bitwig's DAW softwa...
12/03/2026
Latest free eBook now available!
Designed for recording engineers, audio-technology students and technically minded musicians, our latest free eBook deliver...
12/03/2026
Rohde & Schwarz Cybersecurity expands SITLine network encryptor portfolio - more...
12/03/2026
Rohde & Schwarz to showcase future-proof EMC testing solutions at EMV 2026 Rohde & Schwarz will participate in EMV 2026, Europe's premier trade fair and c...
12/03/2026
Modern media operations demand a platform that unites automation, orchestration, and human oversight without compromise. In this post, we explore the six key te...
12/03/2026
A deep dive into the platform
Architecture The Blue Lucy platform follows a distributed microservices architecture, meaning the overall operational capability...
12/03/2026
Orchestration platform enables broadcasters to deploy multiple AI models safely with full auditability, rights protection, and regulatory oversight.
LONDON, En...
12/03/2026
Wuppertal March 12, 2026
Riedel Expands Managed Technology Division in the Ame...
12/03/2026
Advanced Media Server Delivers Double the Channel Density at Half the Cost per C...
12/03/2026
The Late Late Show Show St Patrick's Day special
Dancing with the Stars f...
11/03/2026
First Medium-Earth Orbit (MEO) deployment of the emergency.lu platform for refugees and their host communities' use provides dependable broadband for humani...
11/03/2026
Following a successful first series, UKTV today announces the commission of two ...
11/03/2026
Wednesday 11 March 2026
Sky and CANAL launch new partnership to develop English-language drama
Sky and CANAL are today announcing a strategic co commissioni...
11/03/2026
NTCA, Cartesian Release New Report on the Business Case for USF
March 11, 2026
Network Economics
News
NTCA - March 11, 2026 - As the FCC and Congr...
11/03/2026
TELL US YOUR (SHORT) STORIES
The 2026 RT Short Story Competition is now open for entries
Recognising and rewarding the best new Irish fiction writing for...
11/03/2026
RT 's The Traitors Ireland is among the nominees for the 2026 Celtic Media Festival Torc Awards for Excellence, announced today....
10/03/2026
10 Mar 2026
VEON's Largest Market Pakistan Almost Triples Mobile Spectrum i...
09/03/2026
Contains all six dual-ensemble libraries
VSL's Duality Strings series offers an intriguing alternative to your average string library, capturing two str...
09/03/2026
Outstanding Contribution To UK Music
Photo: Samuel Bradley
Ahead of their upcoming MPG Awards, the Music Producers Guild (MPG) have revealed the latest win...
Facebook 
