Published by Global Banking and Finance Review
Posted on July 23, 2025
(Reuters) -French defence and aerospace group Thales raised its 2025 sales growth forecast on Wednesday after posting higher first-half sales and profit amid higher military spending in Europe.
Europe's largest defence electronics firm also said its widely watched adjusted operating profit rose 12.7% on a comparable basis to 1.25 billion euros, fractionally above market forecasts, led by the Aerospace and Defence units.
The company, whose portfolio spans fighter radars to seat-back screens for airlines, now expects 2025 sales growth of between 6% and 7% instead of the 5% to 6% it had forecast previously, pointing to full-year revenue between 21.8 billion euros ($25.62 billion) and 22 billion euros.
Thales, partially owned by the French state, said sales rose 8.1% on a like-for-like basis to 10.27 billion euros in the first half, while new orders fell 4% to 10.35 billion due to a tough comparison with last year's surge in big-ticket deals.
Revenues were slightly lower than expected, though orders came in ahead of expectations.
Analysts had on average been forecasting half-year sales of 10.35 billion euros and 9.02 billion euros of fresh orders, as well as an adjusted operating profit of 1.22 billion euros, according to a company-compiled consensus.
The increase in sales was mostly driven by defence and avionics activities, CEO Patrice Caine told reporters.
(Reporting by Anna Peverieri, Editing by Tim Hepher)
Explore more articles in the Headlines category
