
Facebook
Twitter
LinkedIn
Order intake: 3.8 billion, down -25% (-27% on an organic basis1)
Sales: 5.0 billion, up 12.2% ( 9.9% on an organic basis)
All 2025 financial objectives confirmed2
Thales (Euronext Paris: HO) today announced its order intake and sales for the first quarter of 2025.
In the first quarter of 2025, Thales recorded organic sales growth of nearly 10%, demonstrating the strong momentum of our Defence and Avionics activities, as well as the excellent visibility the Group enjoys.
Order intake in the first quarter of 2025 was solid, and showed growth compared to the same periods in 2022 and 2023. The decline observed compared to the first quarter of 2024 is explained by a particularly high comparison basis.
Thanks to the commitment of our teams, we confirm all our annual financial targets for 2025, including a book-to-bill ratio over 1 for the year 2025.
Patrice Caine, Chairman & Chief Executive Officer
Order intake Order intake for the first quarter of 2025 amounted to 3,778 million, down -27% at constant scope and exchange rates compared to the first three months of 2024 (-25% on a reported basis) due to a very high comparison base, particularly in the Defence segment. In the first quarter of 2024, Thales had recorded, among other contracts, two contracts with a unit value exceeding 500 million each: the third phase of the contract signed by Indonesia for the acquisition of Rafale aircraft (18 out of a total of 42), as well as an order for an air surveillance system for a military customer in the Middle East. However, the Group is benefiting from a robust commercial momentum in all its activities for this first quarter of 2025, particularly in the Aerospace segment. For reference, order intake amounted to 3,422 million in Q1 2023 and 3,033 million in Q1 2022.
During the first quarter of 2025, Thales recorded five large orders worth over 100 million each, for a total of 707 million:
Order from Space Norway, Northern Europe's leading satellite operator, for the supply of a telecommunications satellite, THOR 8;
Order from SKY Perfect JSAT to Thales Alenia Space for JSAT-32, a geostationary telecommunications satellite;
Signing of a contract between Thales and the European Space Agency (ESA) to develop Argonaut, a future autonomous and versatile lunar lander designed to deliver cargo and scientific instruments to the Moon;
Order from the Dutch Ministry of Defence for the modernisation and support of vehicle tactical simulators;
Order from the French Defence Procurement Agency (DGA) for the development, production, and maintenance of vetronics equipment for various Army vehicles as part of the SCORPION programme.
At 3,071 million, order intake with a unit value of less than 100 million was down -10% compared to the first three months of 2024; meanwhile, those with a unit value of less than 10 million were slightly up in the first quarter of 2025.
Geographically4, order intake in mature markets amounted to 2,914 million, similar to the first quarter of 2024 ( 2% on a reported basis and a decrease of -1% at constant scope and exchange rates). Order intake in emerging markets amounted to 864 million (-61% as of March 31, 2025, in organic terms), affected by a very high comparison basis in these markets from the first quarter of 2024 (contracts for the Rafale in Indonesia and for an air surveillance system for a military customer in the Middle East mentioned previously).
Order intake in the Aerospace segment totaled 1,530 million, compared to 1,003 million in the first three months of 2024 ( 45% at constant scope and exchange rates). The Avionics market continued to benefit from strong demand across its various businesses and recorded one large order with a unit value exceeding 100 million in its Training and Simulation business. In addition, Space benefited in the first quarter from favorable phasing of expected 2025 order intake, with the notification of three large orders with a unit value greater than 100 million, two related to the telecommunications business and one to the exploration business.
At 1,302 million (compared to 3,122 million in the first three months of 2024, representing an organic change of -59%), order intake in the Defence segment compared to a very high base in Q1 2024. One large order with a unit value over 100 million was recorded in the first quarter of 2025 compared to four in the same period in 2024. The Group reaffirms its objective of a book-to-bill ratio greater than 1 for the Defence segment in 2025.
At 922 million, order intake in the Cyber & Digital segment was structurally very close to sales as most business lines in this segment operate on short sales cycles. The order book is therefore not significant.
Sales Sales for the first quarter of 2025 reached 4,960 million, compared to 4,421 million in the first quarter of 2024, up 9.9%5 at constant scope and exchange rates (up 12.2% on a reported basis).
Geographically6, sales recorded solid growth in both mature markets ( 9.7% in organic terms), notably in the United Kingdom ( 14.9%) and emerging markets with organic growth of 10.5% during the period.
Sales in the Aerospace segment amounted to 1,342 million, up 13.5% compared to the first quarter of 2024 ( 8.4% at constant scope and exchange rates). This growth reflects ongoing robust demand in the Avionics market, leading the business to grow double-digit and achieve a solid performance across all activities as well as in both civil and military domains. Sales in the Space business continue to be impacted by the weak demand observed over the past two years in telecommunications satellites.
Sales in the Defence segment totaled 2,685 million, up 16.5% compared to the first quarter of 2024 ( 15.0% at constant scope and exchange rates). This growth is observed across all businesses
Europe Stories
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
13/05/2025
Spotify aims to bring compelling audiobooks to as many consumers as possible, and we're eager to give fans even more options as they discover their next gre...
13/05/2025
People all over the world love DJ. At the gym, at home, whenever and wherever you want a deeper experience with great music, DJ is the answer. In fact, DJ liste...
13/05/2025
On Wednesday, May 7, 2025, a representative of the Ford Motor Company visited the SGL Carbon site in Ort im Innkreis, Austria, to present the prestigious Q1 Awa...
13/05/2025
Home chevron_right News & Events chevron_right News chevron_right Clear-Com to Highlight Powerful Intercom Capabilities at InfoComm 2025
Clear-Com to Hig...
13/05/2025
Solid Start to the Year Luxembourg, 30 April 2025 -- SES S.A. announces financial results for the three months ended 31 March 2025.
Revenue of 509 million (...
13/05/2025
London, 13th May 2025: Iconic fashion brand Ghost is launching a 30-piece curate...
13/05/2025
SAN JOSE, Calif. - May 13, 2025 - Harmonic (NASDAQ: HLIT) today announced a new partnership with Evolution Digital, a global leader in advanced connectivity sol...
13/05/2025
Home News & Press Press Release Blancco Acquires Key Deploy from Blair Tec...
13/05/2025
Arvato Systems Expands Industry Expertise in the Insurance & Financial Services...
13/05/2025
CUPERTINO, CALIFORNIA Apple today announced new accessibility features coming later this year, including Accessibility Nutrition Labels, which will provide more...
13/05/2025
Facebook
Twitter
LinkedIn
On the occasion of DEFEA, Greece's premier defence exhibition, Thales, a global leader in advanced technologies for the Defe...
13/05/2025
Facebook
Twitter
LinkedIn
After the success of the deployment in Brest in ...
13/05/2025
Facebook
Twitter
LinkedIn
Thales unveils its new multi-mission Primary Sur...
12/05/2025
As newsrooms around the world begin to experiment with artificial intelligence, many are asking the same question: how do we move beyond isolated pilots and emb...
12/05/2025
FOX Launches an AI-Driven Converged Media Platform Powering the Future of Advert...
12/05/2025
12 May 2025
VEON Joins GSMA Advance's People Excellence Partner Program as ...
12/05/2025
Fox Corporation Reports Third Quarter Fiscal 2025 Financial Results NEW YORK, NY, May 12, 2025 - Fox Corporation (Nasdaq: FOXA, FOX; FOX or the Company ) t...
12/05/2025
FOX Unveils Name of New Streaming Service FOX One Featuring all of FOX's Premium News, Sports and Entertainment Programming in One Dynamic Platform New ...
12/05/2025
FOX Orders Propulsive, Edge-Of-Your-Seat Thriller Memory of a Killer For 2025-20...
12/05/2025
FOX Announces Schedule for 2025-26 Season #1 NETWORK IN A18-49 DELIVERS SLATE FILLED WITH FUN, IRREVERENT CONTENT AND BOLD, SIGNATURE FOX CHARACTERS ALL-NEW ...
12/05/2025
What is success? How is it achieved? And what does it really cost? These are the...
09/05/2025
At the Frontline Club in London, a venue long associated with media freedom and ...
09/05/2025
As excitement builds for the annual Eurovision Song Contest, Spotify data offers...
09/05/2025
In our latest blog, Laura Rognoni dives into the shifting currents of change in the digital entertainment landscape, revealing the trends that will keep viewers...
09/05/2025
Friday 9 May 2025
Download images HERE
Episodes are available on Sky Media Vil...
09/05/2025
New beta programme for Avid Pro Tools users provides versioned backup/archive
M...
09/05/2025
Further to the comments from RT Director-General, Kevin Bakhurst on Wednesday 7th May included below in which he asked the EBU for a discussion on Israel...
09/05/2025
Here is your host, Patrick Kielty!
In the season finale of The Late Late Show, ...
09/05/2025
My Eurovision Party 2025 - join in on the fun with RT Kids!
Eurovision launche...
08/05/2025
As expected, continued weak demand from key sales markets and declining economic...
08/05/2025
A new three-part series is coming to BBC iPlayer and BBC One
(Image: The Christie Archive Trust)
The BBC has announced Agatha Christie's Endless Night, a...
08/05/2025
Expect even more chaos this July with Harriet Webb leading the returning cast, p...
08/05/2025
08 May 2025
VEON Shareholders Re-elect Board at 2025 AGM, Founder Augie Fabela ...
08/05/2025
Comedy and entertainment channel U&Dave bring back their #1 ranked programme of ...
08/05/2025
Expect even more chaos this July with Harriet Webb leading the returning cast, p...
08/05/2025
TenneT relies on Arvato Systems for market communication
Energy industry: Impressive market communication know-how and system integration expertise
G tersloh...
08/05/2025
When Taiki Hamamoto, 22, came across a Hanafuda deck at his local game shop, he was intrigued. He had grown up playing the traditional Japanese card game with f...
08/05/2025
The Liveline is now open , said Joe Duffy earlier today, as he previewed this af...
08/05/2025
RT , in association with the BBC, Screen Ireland and Cineflix Rights has reveale...
07/05/2025
Discovering music should feel effortless and fun. That's why Spotify continu...
07/05/2025
FOX Doubles Down on the Laughs Renewing Comedies Animal Control, Starring Joel M...
07/05/2025
07 May 2025
VEON's QazCode Signs MoU with Seekr to Develop AI-Powered Solut...
07/05/2025
UKTV has ordered a feature length documentary celebrating the life of Britain...
07/05/2025
Wednesday 7 May 2025
Shaun the Sheep fans are in for a baaaarilliant treat in 2...
07/05/2025
Rohde & Schwarz to highlight innovative broadcast technologies at CABSAT 2025 Rohde & Schwarz will showcase its latest energy-efficient transmitters and 5G Br...
07/05/2025
The Importance of Workflow Efficiencies in Post-Production Wednesday, 14 May
14:40
FilmLight sits down with Sam Lempp, head of business development for Nara, ...
07/05/2025
RT News is pleased to announce the appointment of RT journalist, Fergal O'Brien, as its new Business Correspondent.
In his new role, Fergal will be repor...