Thales (Euronext Paris: HO) announced today its order intake and sales for the first quarter of 2019.
Patrice Caine, Chairman and Chief Executive Officer, commented:
'Sales and order intake for the first quarter of 2019 are in line with our expectations. Predictably, order intake is lower than in Q1 2018, which was exceptionally high thanks to the booking of OneSKY, an €855m jumbo contract in Australia. The decline in sales is due to a high basis of comparison in each of our operating segments. We confirm all our financial objectives for 2019.'
Solid order intake: €2.3 billion, up 4% excluding impact of OneSKY jumbo order in Australia, worth €855m (down 25% on a reported basis)
Sales: €3.4 billion, down 2.0% on an organic basis [1] (down 1.5% on a reported basis)
All financial objectives confirmed
Order intake,in € millions
Q1
2019
Q1
2018
Total
change
Organic change
Aerospace
672
751
-11%
-12%
Transport
249
488
-49%
-49%
Defence & Security
1,335
1,782
-25%
-24%
Other
16
11
Total
2,273
3,032
-25%
-25%
Sales,in € millions
Aerospace
1,221
1,285
-5.0%
-6.5%
Transport
398
386
+3.1%
+1.3%
Defence & Security
1,722
1,729
-0.4%
+0.2%
Other
21
11
Total
3,361
3,412
-1.5%
-2.0%
Of which mature markets [2]
2,439
2,463
-1.0%
-1.2%
Of which emerging markets [2]
922
949
-2.8%
-4.0%
We are pleased to invite you to participate in this conference call in English:
Tuesday, 30 April 2019 at 9:30 am (CET)
Dial-in the following number from :
Location
Number
U.K and International
+44 (0) 2071 928000
France
+33 (0) 176700794
+ Passcode: To communicate to the operator
3153469
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/auw3ts77
If you are unable to listen to the call live through the webcast a replay will be available one hour after the end of the event, and will remain available for 12 months. To access the replay, please use the aforementioned link.
Notes
[1] 'Organic' means 'at constant scope and currency'. See note on methodology on page 27 of the 2018 registration document
[2] Mature markets: Europe, North America, Australia, New Zealand. Emerging markets: all other countries.
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Disclaimer
THALES SA published this content on 30 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 April 2019 05:32:04 UTC
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 
