20 July 2018 Paris La Défense, France
Thales’s Board of Directors met on 19 July 2018 to review the financial statements for the first half of 2018.
“In the first half of 2018, Thales again posted a very solid performance. Organic sales growth reached almost 7%, ahead of the full year target. Order intake, up by 5%, was in line with our expectations. The operating margin rose sharply, breaking through the 10% barrier in H1 for the first time. As planned, we significantly increased our R&D investments, up 13% for H1 2018, in order to accelerate the development of the most innovative solutions in every one of our markets and plan for the future. These positive dynamics allows us to confirm our 2018 financial objectives.”
“All Group teams are focused on the implementation of the second phase of our strategic plan Ambition 10, which combines the strengthening of our position as a technology leader in all of our markets with the ramp-up of new operational performance initiatives.”
“The projected acquisition of Gemalto, a booster of this strategy, is proceeding as planned. It should be completed before the end of the year, once we have obtained all the necessary regulatory authorizations.”
“Our ambition is simple: to grow profitably, faster than the market, and in a sustainable way, in order to maximize value creation.”
Patrice Caine, Chairman & Chief Executive Officer
To see the full document please click here: Thales H1 2018 results