Thales revenues hold on

Issue No. 6 | March 16-31, 2012

Thales has reported a marginal increase in its order intake closing at Euro 13.21 billion (1 per cent organic growth) in 2011. It was driven by the Mirage 2000 upgrade contract in India and the good performance of civil aeronautics, mitigating the impact of reduced space orders.

Group Chairman and CEO Luc Vigneron commented: “Although the economic environment worsened more markedly than expected, particularly in defence, our order intake increased and our revenues held up well. A marked upturn in our results is now underway, driven by better contract execution, the momentum of the Probasis plan and our stronger footprint in growth regions. On the basis of this strong performance, which confirms the relevance of our strategy, we are confident in our ability to continue to improve our results, despite the serious economic uncertainties in Europe.”