Thales Reports 10 Percent Increase In Orders For Q1

Thales has announced new orders in the first quarter of 2014 totalled €2,030 million, an increase of 10% compared with the first quarter of 2013 (+13% on a like-for-like basis and at constant exchange rates).

At 31 March 2014, the consolidated order book amounted to €24,175 million, nearly two years of sales. The book-to-bill ratio came to 0.85 in the first three months of 2014, compared with 0.77 in the same period of 2013.

New orders in emerging markets again grew strongly (+39% compared with the first quarter of 2013).

They totalled €608 million, or 30% of total order intake, compared with 24% in the same period in 2013.  This growth was particularly pronounced in Latin America, thanks to the major security contract for Mexico City, as well as in the Middle East, where new orders more than trebled compared with the first quarter of 2013, according to the statement.

Order intake in the Aerospace segment amounted to €741 million, compared with €830 million in the first three months of 2013. Despite the growth of onboard avionics activities, Avionics orders were down overall compared with the first quarter of 2013, which benefited from the impact of a major multi-year simulation and training services contract for British A400M crews. The Space activities, by contrast, enjoyed strong growth, thanks to the major observation satellite equipment contract for a European customer.

Order intake in the Defence & Security segment grew strongly (+47%) to €1,011 million, compared with €687 million in the first quarter of 2013. This reflects a marked increase in orders for Secure Communications and Information Systems, driven notably by the urban security contract for Mexico City and contracts in the Middle East (defence, civil security).

Order intake also grew strongly in Defence Mission Systems, with several contracts for naval and electronic combat systems in the Middle East and the United Kingdom.

Land and Air Systems, by contrast, recorded a decline in order intake, despite contract wins in air traffic management systems in Africa and Asia, as well as in optronics. 

Thales has announced new orders in the first quarter of 2014 totalled €2,030 million, an increase of 10% compared with the first quarter of 2013 (+13% on a like-for-like basis and at constant exchange rates).

At 31 March 2014, the consolidated order book amounted to €24,175 million, nearly two years of sales. The book-to-bill ratio came to 0.85 in the first three months of 2014, compared with 0.77 in the same period of 2013.

New orders in emerging markets again grew strongly (+39% compared with the first quarter of 2013).

They totalled €608 million, or 30% of total order intake, compared with 24% in the same period in 2013.  This growth was particularly pronounced in Latin America, thanks to the major security contract for Mexico City, as well as in the Middle East, where new orders more than trebled compared with the first quarter of 2013, according to the statement.

Order intake in the Aerospace segment amounted to €741 million, compared with €830 million in the first three months of 2013. Despite the growth of onboard avionics activities, Avionics orders were down overall compared with the first quarter of 2013, which benefited from the impact of a major multi-year simulation and training services contract for British A400M crews. The Space activities, by contrast, enjoyed strong growth, thanks to the major observation satellite equipment contract for a European customer.

Order intake in the Defence & Security segment grew strongly (+47%) to €1,011 million, compared with €687 million in the first quarter of 2013. This reflects a marked increase in orders for Secure Communications and Information Systems, driven notably by the urban security contract for Mexico City and contracts in the Middle East (defence, civil security).

Order intake also grew strongly in Defence Mission Systems, with several contracts for naval and electronic combat systems in the Middle East and the United Kingdom.

Land and Air Systems, by contrast, recorded a decline in order intake, despite contract wins in air traffic management systems in Africa and Asia, as well as in optronics.