Thales reports its 2023 half-year results

21/07/2023

Facebook

Twitter

LinkedIn

Thales's Board of Directors (Euronext Paris: HO) met on July 20, 2023 to review the financial statements for the first half of 2023.[1]

Patrice Caine, Chairman & Chief Executive Officer, stated:

The first half of 2023 confirms Thales strong sales momentum in its various markets. With a 7% increase in the order book compared to June 30, 2022, the Group further reinforced its ability to deliver sustainable growth over the coming years.

Organic sales growth was above 7%, ahead of the full-year target, driven by the on-going recovery in the civil aeronautics business and the strong performance of the Digital Identity & Security operating segment.

The Groups EBIT margin continued to rise, reaching a new record at 11.4%.

Given the solid outlook for most of our businesses in the second half of the year, we have decided to raise our full-year sales growth guidance.

All of Thaless teams are committed to taking the action needed to support sustainable growth. This includes recruiting the talent of tomorrow, supporting our supply chain and investing in our R&D and production capabilities.

Lastly, Thales further strengthens its leadership positions in its markets with two acquisitions: Tesserent in cybersecurity and Cobham Aerospace Communications in cockpit connectivity.

Order intake: 8.6 billion, down 24% (-23% on an organic basis[2])

Sales: 8.7 billion, up 5.6% ( 7.7% on an organic basis)

EBIT[3]: 993 million, up 11.4% ( 13.1% on an organic basis)

Adjusted net income, Group share[3]: 819 million, up 13%

Consolidated net income, Group share: 649 million, up 15%

Free operating cash flow[3]: 99 million

Full year 2023 guidance upgraded:

Book-to-bill ratio[4] above 1

Organic sales growth between 5% and 7%[5]

EBIT margin target (unchanged): 11.5% to 11.8%

Thaless half year results 2023 have been commented by Patrice Caine -our Chief Executive Officer- and Pascal Bouchiat -our Chief Financial Officer- in a conference call held at 8:30 am (CET).

Using the following link, you will be able to register, get your personal PIN and choose the most convenient method of connection: list of dial-in numbers or a call me option, by entering your phone number.

https://register.vevent.com/register/BI7915e8404d5249d6a4188925a3dd6d85

It will also be possible to follow the conference call through a webcast by using the following link:

https://edge.media-server.com/mmc/p/8o7tm87f

If you were unable to listen to the call, you can use the webcast link above. The recording will be available for a year.

Notes

[1] At the date of this press release, 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] In this press release, organic means at constant scope and exchange rates . See note on methodology on page 11 and calculation on page 16 of the press release.

[3] Non-GAAP financial indicators, see definitions in the appendices, page 11 of the press release.

[4] Book-to-bill ratio: ratio of order intake to sales.

[5] Corresponding to 17.9 billion to 18.2 billion based on July 2023 scope and exchange rates.

[6] Net debt as at June 30, 2022.

Documents

Thales reports its H1 2023 results - Press release - 21 July 2023

Thales - Consolidated financial statements at 30 June 2023

Thales - H1 2023 results slideshow - 21 July 2023

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

29 Aug 2023

Thales Surpasses Milestone Issuing 100M Driver's License and ID Cards in North America

Read more

25 Aug 2023

Thales SEC Transport Successfully Completed Wuhan Metro Line 1 Overhaul Project

Read more

23 Aug 2023

Thales Australia's Maritime Autonomy and SME Collaboration Precinct to grow jobs and investment in Newcastle

Read more

LINK:	https://www.thalesgroup.com/en/group/investors/press_release/thales-re...
	See more stories from thales

Thales reports its 2023 half-year results

More from Thales

30/04/2025

29/04/2025

25/04/2025

24/04/2025

23/04/2025

22/04/2025

17/04/2025

16/04/2025

15/04/2025

14/04/2025

08/04/2025

08/04/2025

07/04/2025

07/04/2025

03/04/2025

03/04/2025

02/04/2025

01/04/2025

31/03/2025

31/03/2025

27/03/2025

26/03/2025

26/03/2025

21/03/2025

20/03/2025

19/03/2025

17/03/2025

14/03/2025

13/03/2025

12/03/2025

12/03/2025

11/03/2025

10/03/2025

10/03/2025

06/03/2025

06/03/2025

05/03/2025

04/03/2025

03/03/2025

03/03/2025

03/03/2025

28/02/2025

27/02/2025

27/02/2025

25/02/2025

24/02/2025

20/02/2025

18/02/2025

18/02/2025

14/02/2025