Thales reports strong 2024 financial performance

Thales, a global leader in defense and technology, has released its financial results for the year 2024, highlighting significant growth across key metrics. The company's order intake reached €25.3 billion, marking a 9% increase compared to the previous year. Sales totaled €20.6 billion, reflecting an 11.7% rise. Adjusted EBIT was reported at €2,419 million, a 13.4% increase, while adjusted net income, group share, stood at €1,900 million, up by 7%. Consolidated net income, group share, experienced a substantial rise of 39%, amounting to €1,420 million. Free operating cash flow from continuing operations was €2,142 million, indicating a 9% increase. The company has proposed a dividend of €3.70 per share, representing 40% of the adjusted net income, group share. Order Intake and Sales Performance

The robust order intake of €25.3 billion was driven by strong demand in the Defense segment and sustained momentum in the Aerospace segment. As of December 31, 2024, Thales's consolidated order book reached nearly €51 billion, up by €5.4 billion compared to the end of 2023. Sales growth was particularly notable in the Defense sector, which saw a 13% increase, attributed to heightened investments in defense amid geopolitical instability.

Segment-Specific Performance

• Aerospace: Sales amounted to €3,839 million, up 5.6% compared to the first nine months of 2023. This growth reflects ongoing robust demand in the avionics market, leading the activity to grow mid-single digit plus.
• Defense & Security: Sales totaled €7,239 million, up 8.8% compared to the first nine months of 2023. Growth was driven in particular by land and air systems.
• Digital Identity & Security: Sales reached €2,914 million, up 15.7% in the first nine months of 2024, including the positive scope effect linked to the acquisitions of Tesserent and Imperva.

Outlook for 2025

Thales projects continued growth for 2025, forecasting sales between €21.7 billion and €21.9 billion, representing an organic growth of 5% to 6%. The company also anticipates an adjusted EBIT margin between 12.2% and 12.4%.

About Thales

Thales is a global technology leader specializing in defense, aerospace, security, and transportation. The company offers a wide range of products and services, including communication systems, cybersecurity solutions, and avionics. Thales operates in over 68 countries and employs approximately 83,000 people worldwide.