2015 half year results
2015 half year results
July 23, 2015
The Board of Directors of Thales met on 23 July 2015 to review the financial statements for the first half of 2015.
Patrice Caine, Chairman & Chief Executive Officer, stated: Thales's first half performance shows the relevance of our profitable growth strategy. There was a strong rise in order intake, driven in particular by emerging markets, whilst our sales have registered a marked progression, in both our civil and defence activities. Thanks to this momentum and our competitiveness actions, our operating margin is continuing to improve. These positive trends allow us to confirm all of our objectives .
Order intake: 6.22 billion, 19%
Sales: 6.35 billion, 11%
EBIT[1]: 473 million, 18%
Adjusted net income, Group share1: 313 million ( 29%)
Objectives confirmed
in millions of euros
H1 2015
H1 2014[2]
Total change
Organic[3] change
Order intake
6,224
5,220
19%
14%
Order book
27,668
27,285[4]
1%
-1%
Sales
6,347
5,695
11%
6%
EBIT1
in % of sales
473
7.5%
402
7.1%
18%
10%
Adjusted net income, Group share1
313
243
29%
Adjusted net income per share, Group share1
1.51
1.19
27%
Free operating cash flow[5]
(304)
(535)
Net cash
614
53
We are pleased to invite you to participate in our conference call in English:
Thursday, 23 July 2015 at 6:00 pm (CET)
Dial-in number from France: 33 (0) 1 70 77 09 38
International dial-in number: 44 (0) 203 367 94 56.
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/midnsx4z.
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 294896#).
[1] Non-GAAP measure, see definition in the appendix of the press release.
[2] Data for the first half of 2014 has been restated to reflect the introduction of the IFRIC 21 interpretation.
[3] organic means on a like-for-like basis and at constant exchange rates.
[4] At 31 December 2014
[5] Operating cash flow before interest and tax change in working capital requirements and provisions for contingencies - net financial interest paid - pension benefits (excluding payments to reduce deficits and changes in the United Kingdom) - taxes paid - net operating investments.
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2015 half year results 
