Thales Q1 2017 or­der in­take and sales

Vayu Aerospace and Defence - - Aviation Defence & in India -

Thales has an­nounced its or­der in­take and sales for Q1 2017. As per Pa­trice Caine, Chair­man mo­men­tum of all of our busi­nesses, with or­ganic sales growth ahead of the full year tar­get, driven by both ma­ture and emerg­ing quar­ter of 2017 is in line with our ex­pec­ta­tions. We re­main fo­cused on im­ple­ment­ing all the ini­tia­tives un­der­taken as part of our Am­bi­tion 10 strat­egy and we con­firm our ob­jec­tives.”

In Q1 2017, or­der in­take amounted to €2,281 mil­lion, down 1% com­pared to Q1 2016 (down 2% at con­stant scope and cur­rency). Or­der in­take for the Aero­space seg­ment fell 9% to €938 mil­lion, com­pared to € 1,030 mil­lion in Q1 2016. Or­der in­take for the space and com­mer­cial avion­ics ac­tiv­i­ties in­creased com­pared to the pre­vi­ous year, un­like the In-Flight En­ter­tain­ment (IFE) and Train­ing & Sim­u­la­tion busi­nesses which did Or­der in­take for the De­fence & Se­cu­rity seg­ment rose 8% to €1,112 mil­lion, from €1,030 mil­lion in Q1 2016.

Sales for Q1 2017 stood at €3,058 mil­lion, com­pared to €2,732 mil­lion in Q1 2016, up 11.9% on a re­ported ba­sis, and up 11.0% at con­stant scope and cur­rency (“or­ganic” change). Sales in the Aero­space seg­ment to­talled €1,252 mil­lion, a sharp 17.3% in­crease com­pared to Q1 2016 (up 16.2% at con­stant En­ter­tain­ment, which had recorded a tem­po­rar­ily low level of ac­tiv­ity in Q1 2016, and ro­bust sales growth in the Space seg­ment, driven pri­mar­ily by the ob­ser­va­tion, ex­plo­ration and nav­i­ga­tion busi­nesses, which brought in sev­eral large or­ders in 2015 and 2016.

Sales in the De­fence & Se­cu­rity seg­ment rep­re­sented €1,511 mil­lion, up 9.0% com­pared to Q1 2016 (up 8.0% at con­stant scope and cur­rency). “This seg­ment con­tin­ues to en­joy a broad based mo­men­tum, driven notably by the ma­jor con­tract wins of 2015 and 2016, mil­i­tary telecom­mu­ni­ca­tions net­works and cy­ber­se­cu­rity ac­tiv­i­ties.”

Thales and In­dia’s Bharat Dy­nam­ics Lim­ited have signed an MoU to as­sess the op­por­tu­nity for trans­fer of tech­nol­ogy of the STARStreak mis­sile. (Photo taken at Aero In­dia 2017 at the Thales stand.)

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