Headlines
Thales raises 2025 sales growth forecast on strong defence demand
Published by Global Banking and Finance Review
Posted on July 23, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on July 23, 2025
2 min readLast updated: January 22, 2026
Thales increased its 2025 sales growth forecast to 6-7% due to strong defence demand, with first-half sales and profit exceeding expectations.
(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)
Thales reported first-half sales of 10.27 billion euros, reflecting an 8.1% increase on a like-for-like basis.
Thales raised its 2025 sales growth forecast to between 6% and 7%, up from the previous estimate of 5% to 6%.
The increase in sales was primarily driven by defence and avionics activities, as noted by CEO Patrice Caine.
New orders fell 4% to 10.35 billion euros, which was below expectations due to a tough comparison period.
Thales reported an adjusted operating profit of 1.25 billion euros, which was a 12.7% increase on a comparable basis.
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