Sony Pixel Power calrec Sony

Thales reports its 2024 half-year results

23/07/2024

Facebook

Twitter

LinkedIn

Order intake: 10.8 billion, up 26% ( 23% on an organic basis1)

Order book: 47 billion, a new record high

Sales: 9.5 billion, up 8.9% ( 6.0% on an organic basis)

EBIT2: 1,096 million, up 10.4% ( 4.7% on an organic basis)

Adjusted net income, Group share2: 866 million, up 6%

Consolidated net income, Group share: 1,017 million, up 57%

Free operating cash flow2,3: 23 million

2024 targets confirmed. Ranges narrowed:

Book-to-bill ratio4 above 15

Organic sales growth between 5% and 6%6

EBIT margin: 11.7% to 11.8%7

Thales' Board of Directors (Euronext Paris: HO) met on July 22, 2024 to review the financial statements for the first half of 20248.

We once again achieved strong sales growth in the first half of the year, with record orders including three contracts with a unit value in excess of 500 million. This reflects strong demand from our customers and the quality of the Group's solutions.

Organic sales growth came to 6%, thanks to the good performance of the Aeronautics and Defence & Security businesses.

The Group s EBIT margin continued to rise, reaching a new all-time high for a first half, at 11.5%. In this context, we are continuing to invest to increase our production capacity and support the sustainable growth of our business. We are also accelerating our investments in innovation to strengthen our technological leadership.

Other priorities for the year include the continued integration of recent acquisitions Imperva and Cobham Aerospace Communications. This integration is proceeding as planned. We are also committed to restoring sustainably profitability in the space business with the implementation of the Thales Alenia Space adaptation plan.

We confirm our annual outlook and have refined it based on the improved visibility we have regarding the rest of the year.

I would like to thank our 81,000 employees for their unwavering commitment to serving our customers.

Patrice Caine, Chairman & Chief Executive Officer

Key figures

Order intake in the first half of 2024 amounted to 10,767 million, up 26% from H1 2023 ( 23% on an organic basis, i.e. at constant scope and exchange rates). The Group continued to record excellent sales momentum in most of its businesses. At June 30, 2024, the consolidated order book totaled 47 billion, up 16% compared to the first half of 2023, reaching a new all-time high.

Sales totaled 9,493 million, up 8.9% from H1 2023, and up 6.0% at constant scope and exchange rates. Sales growth was driven in particular by the robust performance of Avionics and Defence & Security.

In the first half of 2024, the Group posted EBIT of 1,096 million (11.5% of sales), compared to 993 million (11.4% of sales) in the first half of 2023, an increase of 10.4% ( 4.7% on an organic basis).

At 866 million, adjusted net income, Group share rose by 6%, taking into account the increase in debt servicing following the acquisitions made over the past year.

Consolidated net income, Group share amounted to 1,017 million, up 57% compared to H1 2023, driven by the increase in adjusted net income and the capital gain on the disposal of the Transport activity.

Free operating cash flow from continuing operations11 (excluding the Transport business following its disposal), was positive at 23 million compared with 253 million in the first half of 2023. As announced, in the first half of 2024, the Group recorded a significant increase in its working capital requirement compared to the first half of 2023.

Net debt reached - 4,594 million at June 30, 2024 compared with - 4,190 million at December 31, 2023.

Order intake

Order intake in H1 2024 amounted to 10,767 million, up 26% compared to H1 2023 ( 23% at constant scope and exchange rates13). The book-to-bill ratio was 1.13, a substantial increase compared to the first half of 2023, when it was 0.98.

This strong order intake was driven by large orders (orders with a unit value of more than 100 million), the cumulative amount of which came to 3,602 million, up 116% compared with the first half of 2023 ( 1,671 million). Three orders in excess of 500 million were recorded during the period.

Thales recorded a total of 12 large orders with a unit value of more than 100 million in the first half of 2024, compared to nine in the first half of 2023, as follows:

Four large orders booked in Q1 2024:

The entry into force of the third phase of the order placed by Indonesia in 2022 for the purchase of 42 Rafale aircraft (18 aircraft and support services);

Order of an air surveillance system for a military customer in the Middle East;

Second tranche of the contract signed in 2023 between France and Italy for the production of 400 ASTER B1NT ground-to-air missiles;

Phased contract with the French Defence Procurement Agency (DGA) to develop the next generation of sonars to equip French nuclear-powered ballistic-missile submarines (SSBN).

Eight large orders booked in Q2 2024:

Order of two new F126 frigates by the German Navy. This additional contract brings the number of F126 frigates acquired by the German Navy to six in the past four years;

Exomars 2028, a contract signed between industrial prime contractor Thales Alenia Space and the European Space Agency (ESA) to relaunch the European space mission dedicated to the exploration of the Red Planet;

Order by SKY Perfect JSAT to Thales Alenia Space of JSAT-31, a new generation of satellite reconfigurable in orbit using Space INSPIRE technology;

Order by France's Joint Munitions Command (SiMu) of tens of thousands of 120mm rifled ammunition;

Order for a next generation cloud native FLYTEDGE InFlight Entertainment System for a major worldwide airline;

Order by an Asian customer of latest-generation Ground Master 400 Alpha long-range air surveillance radars;

Order by the Dutch Ministr
LINK: https://www.thalesgroup.com/en/group/investors/press_release/thales-re...
See more stories from thales

Most recent headlines

04/09/2025

Monumental Sports & Entertainment and Dalet Win Prestigious 2025 NAB Show Project of the Year Award

Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...

20/05/2025

Press Release: ToolsOnAir to release version 2025.2 of just:in mac capture solutions for macOS.

Press Release: ToolsOnAir to release version 2025.2 of just:in mac capture solut...

20/05/2025

Press Release: ToolsOnAir to release version 2025.1 Playout solutions for macOS.

Press Release: ToolsOnAir to release version 2025.1 Playout solutions for macOS. Vienna, Austria. May 9th, 2025 ToolsOnAir, a leading provider of broadcast...

20/05/2025

Give Me the Backstory: Get to Know Matt Wolf, the Filmmaker Behind Pee-wee as Himself

By Bailey Pennick One of the most exciting things about the Sundance Film Festi...

20/05/2025

Six Captivating Audiobooks Amplify Asian and Pacific Islander Artists

Throughout the month of May, Spotify is celebrating Asian and Pacific Islander Heritage Month by amplifying the many artists, creators, and authors who share th...

20/05/2025

Songs of Summer 2025: Spotify's Global Editors Predicts the Anthems That Will Soundtrack the Season

It's officially summer on Spotify and, once again, our team of best-in-class...

20/05/2025

Sunbeam Television and Nielsen's Local TV Agreement Now Includes ABC Miami and WSVN, a Fox Affiliate

Extended agreement includes Local TV and OTT measurement and Digital Content Rat...

20/05/2025

2025-04-04

Apple Intelligence, the personal intelligence system that delivers helpful and relevant intelligence while taking an extraordinary step forward for privacy in A...

20/05/2025

Magnite, Amazon Publisher Services Extend Streaming TV Collaboration

NEW YORK Amazon Publisher Services (APS) and independent sell-side advertising company Magnite are collaborating more deeply on streaming TV through the APS Tra...

20/05/2025

Sunbeam Television Expands Nielsen's Local TV Agreement

NEW YORK Nielsen and Sunbeam Television have announced an extension of their agreement to include ABC Miami, which will begin broadcasting as part of Sunbeam in...

20/05/2025

FCC Approves Verizon-Frontier Merger After Verizon Backs Down on DEI

WASHINGTON The FCC has approved Verizon's $20 billion acquisition of Frontier, which was first announced last Sepembert. As part of the agency's decisio...

20/05/2025

Netflix to Stream Sesame Street'

Netflix and PBS have announced new deals with Sesame Workshop that will see new episodes of Sesame Street stream on Netflix and air on PBS Kids....

20/05/2025

ARRI Signs Agreement to Sell Claypaky to EK

MUNICH ARRI has announced that it has entered into a definitive agreement to sell its lighting subsidiary Claypaky to EK Inc., a major Chinese designer and manu...

20/05/2025

Spectrum Launches Statewide News Channel In Michigan

LIVONIA, Mich. Spectrum News has expanded its reach with the launch of Spectrum News Michigan....

20/05/2025

From Death Becomes Her to Dead Outlaw, Boston Conservatory Actors Are Killing It This Awards Season

From Death Becomes Her to Dead Outlaw, Boston Conservatory Actors Are Killing It...

20/05/2025

Abu Dhabi to launch region's first Earth Observation satellite manufacturing hub

Space42 to establish new Synthetic Aperture Radar (SAR) satellite manufacturing ...

20/05/2025

Beeline Uzbekistan Moves its Headquarters to Tashkent's IT Park, Deepening Commitment to Uzbekistan's Digital Future

20 May 2025 Beeline Uzbekistan Moves its Headquarters to Tashkent's IT Park...

20/05/2025

The Marlow Murder Club returns for a thrilling third series

Praise for series two: Daily Mail - 5* It's a murder mystery masterclass Heat - 4* Marlow's giving Midsomer a run for its murder money Daily Tele...

20/05/2025

Tribeca Festival and CHANEL Unveil 2025 Artist Awards Program

May 20th, 2025 #ChanelTribeca2025 #Tribeca2025 #CHANELinCinema Press assets available HERE Tribeca Festival and CHANEL Unveil 2025 Artist Awards Program Thi...

20/05/2025

Broad Strategy: DAZN on Creating the Perfect Ecosystem Between Broadcasters, Sponsors and Teams for World Sevens Football

Broad strategy: DAZN on creating the perfect ecosystem between broadcasters, spo...

20/05/2025

Storytelling, Monetization and Engagement: Making the Pitch for AI in Sports Broadcasting

Storytelling, monetisation and engagement: Making the pitch for AI in sports bro...

20/05/2025

FanDuel Sports Network Rolls Out WireCam in Cincinnati; Milwaukee Is Next, With Other Parks To Follow

FanDuel Sports Network Rolls Out WireCam in Cincinnati; Milwaukee Is Next, With ...

20/05/2025

UEFA Europa League Final 2025: Broadcast Facts and Camera Plan for Tottenham Hotspur vs Manchester United

UEFA Europa League Final 2025: Broadcast facts and camera plan for Tottenham Hot...

20/05/2025

NBA Eastern Conference Finals: TNT Sports Bids Farewell With Upgraded Tech, Onsite Crews for Classic Knicks-Pacers Series

NBA Eastern Conference Finals: TNT Sports Bids Farewell With Upgraded Tech, Onsi...

20/05/2025

NBA Western Conference Finals: ESPN's InsightCast' Features Avatar Shot Charts, Virtual 3D Replays, and Immersive Analysis

NBA Western Conference Finals: ESPN's InsightCast' Features Avatar Shot...

20/05/2025

Sky releases official teaser for Sky Exclusive drama series IT: Welcome to Derry, coming this Autumn

Tuesday 20 May 2025 To view this content, please enable our use of cookies. To ...

20/05/2025

Netflix Unveils First Look at 'Almost Cops' and Announces Release Date

Back to All News Netflix Unveils First Look at Almost Cops and Announces Release Date Entertainment 20 May 2025 GlobalNetherlands Link copied to clipboard ...

20/05/2025

Cignal TV Unlocks Video Streaming and Broadcast Efficiency with Harmonic's Cloud-Native Solution

SAN JOSE, Calif. - May 19, 2025 - Harmonic (NASDAQ: HLIT) today announced that C...

20/05/2025

Harmonic Elevates the Broadband Experience with Innovation at ANGA COM 2025

SAN JOSE, Calif. - May 20, 2025 - Harmonic (NASDAQ: HLIT) today announced that the company will showcase breakthrough broadband innovations at ANGA COM 2025. P...

20/05/2025

2025-05-20

Today, Apple unveiled an exciting lineup for its annual Worldwide Developers Conference (WWDC), including the Keynote and Platforms State of the Union. Taking p...

20/05/2025

Siemens Makes Factory Floors Smarter With Industrial AI

Industrial AI is transforming how factories operate, innovate and scale. The convergence of AI, simulation and digital twins is poised to unlock new levels of ...

20/05/2025

May 19, 2025

Genomic data shows widespread mpox transmission in West Africa prior to 2022 global outbreak Scripps Research scientists, in collaboration with researchers in N...

19/05/2025

Fresh Finds Turns 10: Cheers to a Decade of Indie Artist Success

For the past decade, Spotify's Fresh Finds playlists have served as a launchpad for emerging independent artists, helping them break through and connect wit...

19/05/2025

Eurovision delivers strong Total TV audiences for SBS, dazzling more than 2.21 million Australians tuning in

Eurovision delivers strong Total TV audiences for SBS, dazzling more than 2.21 m...

19/05/2025

Latest Nielsen data shows NZ travel ad spend up by 12% YoY

Airlines lead the way as more Kiwis pack their bags for travel at home and abroad Auckland - May 14, 2025 - New data from Nielsen Ad Intel reveals a strong yea...

19/05/2025

Australian food sector ad spend rises 6% to $414 Million

Smallgoods, snacks and ice cream shows large growth Sydney - April 30, 2025 - Nielsen Ad Intel data released today has revealed a 6% increase in advertising in...

19/05/2025

Study: New Streaming Bundles Are Attracting Consumers

PORTSMOUTH, N.H. New streaming bundles launched over the past year by both distributors and streamers are generating strong consumer interest in 2025, according...

19/05/2025

Mistika Workflows Upgrade Includes Amberscript, DaVinci Resolve, MASV, Pulsar, Youlean Loudness Meter, and More

Mistika Workflows Upgrade Includes Amberscript, DaVinci Resolve, MASV, Pulsar, Y...

19/05/2025

Berklee's Summer in the City Returns with Free Concerts Throughout the Boston Area

Berklee's Summer in the City Returns with Free Concerts Throughout the Bosto...

19/05/2025

Planetcast to Demonstrate at BroadcastAsia 2025 How its N...

Planetcast Media Services, a leading international media technology and broadcast services provider, will showcase its powerful NexC media distribution platform...

19/05/2025

VuWall and Guntermann and Drunck to Unveil Joint Control...

VuWall and Guntermann & Drunck (G&D), technology leaders in video wall management and KVM systems, will showcase their latest innovations at InfoComm 2025, boot...

19/05/2025

Kiloview to Showcase the Most Complete and Lightweight AV...

Kiloview, a global leader in AV-over-IP, is set to showcase its latest AV-over-IP innovations at InfoComm 2025 in Orlando, FL, from June 11th to 13th. Featuring...

19/05/2025

Eva Longoria to Direct Kim Kardashian in Comedy Feature 'The Fifth Wheel' for Netflix

Back to All News Eva Longoria to Direct Kim Kardashian in Comedy Feature The Fi...

19/05/2025

Mark Ruffalo and Tucker Pillsbury Join Lena Dunham's Romantic Comedy Feature 'Good Sex' for Netflix

Back to All News Mark Ruffalo and Tucker Pillsbury Join Lena Dunham's Roman...

19/05/2025

A Gripping Identity Chase Unfolds in New Thriller Series The Rat' (WT)

Back to All News A Gripping Identity Chase Unfolds in New Thriller Series The Rat' (WT) Entertainment 19 May 2025 GlobalSouth Korea Link copied to cli...

19/05/2025

NVIDIA and Microsoft Accelerate Agentic AI Innovation, From Cloud to PC

Agentic AI is redefining scientific discovery and unlocking research breakthroughs and innovations across industries. Through deepened collaboration, NVIDIA and...

19/05/2025

Space42 Opens MENA's First High Altitude Platform Stations (HAPS) Manufacturing Facility in Abu Dhabi

The new High Altitude Platform Stations (HAPS) facility enables Mira Aerospace, ...

19/05/2025

F1's Dean Locke on Getting Closer to the Action With Drones, New Camera Angles and More Team Radio

F1's Dean Locke on getting closer to the action with drones, new camera angl...

19/05/2025

F1 Continues IP Advances and Centralizes AR Tracking and RF Control

F1 continues IP advances and centralises AR tracking and RF control By George Bevir Friday, May 16, 2025 - 10:29 Print This Story Away from the MTC and in...