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Thales Group 2023 Annual Results
Thales announced today its full year financial results for 2023.
Keypoints
- Order intake: €23.1 billion, slightly down 2% (+0.2% on an organic basis*)
Sales: €18.4 billion, up 4.9% (+7.9% on an organic basis) - EBIT: €2,132 million, up 10.2% (+10.9% on an organic basis)
- Free operating cash flow: €2,026 million
Once again this year, Thales has achieved remarkable performances. Our excellent sales momentum continued in 2023, with the order intake once again exceeding €23 billion and the order book reaching an all-time high. Organic growth in sales was higher than expected at 7.9%, driven in particular by the dynamism of the civil aeronautics activities. This strong growth resulted in an even stronger EBIT improvement, which grew by nearly 11%, reflecting the quality of the Group’s business model and of its operating leverage. Finally, Thales once again generated high levels of cash, in excess of €2 billion. These results reflect the trust our customers place in us, the commitment of our employees and the excellence of our technologies. I would like to thank all our teams for their contribution and dedication. Patrice Caine, Chairman and Chief Executive Officer
Building on these strengths, the Group worked hard in 2023 to prepare for the future. In this regard, two major acquisitions will enable us to further strengthen our offers in key markets. Cobham Aerospace Communications in avionics, and Imperva in cybersecurity will provide Thales with very high added value technological bricks that are strongly complementary with our current portfolio of solutions. Patrice Caine
Preparing for the future also means setting ever-more-ambitious CSR goals. The year 2023 marked the end of an extremely positive cycle in which we achieved or exceeded all our multi-year objectives and obtained recognition from leading non-financial rating agencies. We will announce our new ambitions in this area in the second half of 2024. Patrice Caine
Finally, preparing for the future means continuing to increase our R&D investments so we can continue to develop our skills and technologies, which are our greatest asset. We are therefore looking ahead to 2024 with optimism, confident in the quality of our fundamentals, the strength of our positioning and the importance of our contribution to the major societal challenges of our time. Patrice Caine
*“organic” means “at constant scope and exchange rates”.