Thales (Euronext Paris: HO) announced today its order intake and sales for the period ending 30 September 2017.
Patrice Caine, Chairman and Chief Executive Officer, commented:
'In the first nine months of the year, thanks to the commitment of our teams around the world, Thales has maintained a solid commercial momentum. Order intake is in line with our expectations and, unsurprisingly, lower than in the first nine months of 2016, which benefited from the Indian Rafale contract. We confirm all of our annual objectives, with the slight decline in sales in the third quarter due solely to phasing effects.'
Order intake in line with expectations: €8.8 billion, down 14%
Sales: €10.3 billion, up 3.5% on an organic basis [1] (up 3.0% on a reported basis)
IFRS 15 implementation: limited impact on the H1 2017 financial statements, non-representative of the effects on future periods
All objectives confirmed
Order intake (in € millions)
9m
2017
9m
2016
Total change
Organic change
Aerospace
3,049
3,735
-18%
-18%
Transport
976
687
+42%
+43%
Defence & Security
4,766
5,748
-17%
-17%
Other
42
47
Total
8,833
10,216
-14%
-13%
Sales (in € millions)
Aerospace
4,068
3,898
+4.4%
+4.5%
Transport
1,060
1,046
+1.3%
+2.3%
Defence & Security
5,163
5,028
+2.7%
+3.5%
Other
45
61
Total
10,336
10,033
+3.0%
+3.5%
Of which mature markets [2]
7,103
7,077
+0.4%
+0.8%
Of which emerging markets [2]
3,233
2,956
+9.4%
+10.1%
[1] 'Organic' means 'at constant scope and exchange rates'. [2] Mature markets: Europe, North America, Australia, New Zealand. Emerging markets: all other countries. During the quarter, the Group continued to work on the implementation of IFRS 15 - Revenue from contracts with customers, which becomes mandatory as of 1st January 2018. Had the standard been applied as of 1 January 2017, the Group estimates that its H1 2017 results would not have been significantly different from the reported results. Differences are reviewed in the press release, and will be commented during the conference call.
We are pleased to invite you to participate in this conference call in English:
Thursday, 19 October 2017 at 08:30 am (CET)
Dial-in number from France: +33 (0)1 72 00 15 10 + code PIN: 96997467#
International dial-in number: +44 203 043 24 40 + code PIN: 96997467#
It will be also possible to follow the conference call through a webcast by using the following link: https://edge.media-server.com/m6/p/6b5bimas
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 310951#).
THALES SA published this content on 19 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 October 2017 09:30:08 UTC.
Original documenthttps://www.thalesgroup.com/en/worldwide/group/press-release/q3-2017-order-intake-and-sales
Public permalinkhttp://www.publicnow.com/view/325BFD84C220C1A45EAA1CC27A7D768F464A67BC
Thales is one of the European leaders in manufacturing and marketing of electronic equipment and systems for the defense and security, aerospace, and transportation sectors. Net sales break down by product group as follows:
- defense and security systems (53.4%): C4I defense and security systems (control and monitoring systems, communication, protection, cyber-security, and other systems), defense mission systems, naval systems, electronic war systems, drones, air operation systems (air defense, air surveillance), ground defense systems and missiles;
- aerospace systems (28.4%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.);
- digital identification and security solutions (18.2%).
Besides, the group owns a 35% stake in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors).
Net sales are distributed geographically as follows: France (29.5%), the United Kingdom (6.6%), Europe (24.8%), the United States and Canada (14%), Asia (9.4%), Near and Middle East (6%), Australia and New Zealand (4.4%) and other (5.3%).
THALES 
