- Thales reported a robust performance in Q3 2024 with organic sales growth of 6.6%, surpassing estimates of 5.55%.
- Total sales reached €4.58 billion, marking an 11% year-on-year increase, slightly exceeding the estimated €4.54 billion.
- Aerospace sales were €1.26 billion, growing 7.9% year-on-year and surpassing the forecast of €1.24 billion.
- Defense & Security sales amounted to €2.30 billion, achieving a 9.3% year-on-year increase against an estimate of €2.25 billion.
- Digital Identity & Security sales were reported at €980 million, increasing by 16% year-on-year, though short of the estimated €1.02 billion.
- Order intake was strong at €4.78 billion, a remarkable 26% increase year-on-year, significantly above the estimated €4.22 billion.
- Organic orders rose by 22%.
- Thales maintains its forecast for the EBIT margin to be between 11.7% and 11.8%, aligning with the estimate of 11.8%.
- The company continues to anticipate organic sales growth within a 5% to 6% range, close to the estimated 6.08%.
- The book-to-bill ratio is expected to remain above 1, with an estimate of 1.12.
- During an earnings call, CFO Pascal Bouchiat mentioned that Thales might consider selling some BDS assets, potentially representing about €300 million of the BDS portfolio.
A look at Thales SA Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 3 | |
Growth | 4 | |
Resilience | 3 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Thales SA, a prominent manufacturer of aerospace systems and industrial electronics products, is well-positioned for long-term growth based on its Smartkarma Smart Scores. With a high score in Growth and Momentum, Thales is expected to continue expanding and performing well in the market. This indicates a positive outlook for the company’s future prospects and potential for sustained success.
Moreover, Thales SA demonstrates resilience in its operations, as reflected in its above-average score in Resilience. This factor underscores the company’s ability to weather economic uncertainties and challenges, further enhancing its attractiveness as an investment opportunity. While Value and Dividend scores are moderate, the strong performance in other key areas positions Thales favorably for investors seeking long-term growth and stability in their portfolios.
### Summary: Thales SA is a leading manufacturer of aerospace systems and industrial electronics products, catering to both civilian and military markets. With strengths in growth, momentum, and resilience, the company presents a compelling investment option for those looking for sustained performance in the long run. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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