Thales Group: Share Prices Climb Post-Pandemic

By Elise Leise
Aerospace and digital identity leader Thales recoups its pandemic losses, raising share prices to €89.14

French defence and electronics company Thales has rebounded from the pandemic. Its first-half revenues increased 9.8%, following a 37% increase in new orders. Further, overall operating income has doubled to 768mn, raising projected 2021 sales to almost 18bn. That’s a steady string of numbers, so we’ll put it plainly: Thales is on track to have an excellent year. 

‘Thales H1 2021 results once again demonstrated the resilience of our business model’, said Patrice Caine, Thales Chairman and CEO. ‘Given our growth over the first months of 2021, we will be raising our sales target for the year’. 

What Sectors Does Thales Serve? 

Broadly, Thales seeks to help companies make better decisions at the best possible time. But it specialises in five critical areas

  • Aerospace
  • Space
  • Ground Transportation
  • Digital Identity and Security
  • Defence

With operations in 68 countries and 80,000 employees, Thales essentially protects the security of countries and companies around the globe. Stated the company: ‘We’re proud of the role we play in a world that’s increasingly mobile—and dangerous’. 

What Were the 2021 Half Year Results? 

As of July 23rd, 2021—today—this is the state of Thales’s finances

  • Order intake: €8.2bn, up 35%
  • Sales: €8.4bn, up 8.7%
  • Adjusted net income: €591mn, up 155%
  • Free operating cash flow: €420mn
  • Upgraded 2021 sales target: between €17.5bn and €18.0bn

These projections, of course, assume that COVID variants will be kept at bay and the semiconductor supply chain will quickly recover—assumptions that may not hold through its third quarter. ‘[Business as usual] continues to be disrupted’, noted Caine. But the Thales mission still stands. He added: ‘We require digital solutions that contribute to a safer, more sustainable, and more inclusive world. And our teams will mobilise to support this transformation’. 


Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM