Thales Q1 2017 order intake and sales
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.)