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French defence group Thales reaffirmed full-year financial forecasts as it reported a 1.4% dip in underlying third-quarter sales, dampened by comparisons with the easing of a first wave of COVID-19 lockdowns a year earlier.
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(Adds detail and background) PARIS, May 6 (Reuters) - French defence and technology group Thales posted higher than expected first-quarter revenues and orders as it returned to growth in the wake of the coronavirus crisis. The French group said quarterly revenues rose 1.9% on a like-for-like basis to 3.917 billion euros ($4.70 billion), led by demand for military radars and cybersecurity and offsetting lower civil aerospace activity heavily impacted by the pandemic. The intake of new orders jumped 31% to 3.416 billion euros on the back of French Rafale sales to Greece and France, for which Th...
By Reuters Staff 2 Min Read PARIS, May 6 (Reuters) - French defence and technology group Thales posted higher than expected first-quarter revenues and orders as it returned to growth in the wake of the coronavirus crisis. The French group said quarterly revenues rose 1.9% on a like-for-like basis to 3.917 billion euros ($4.70 billion), led by demand for military radars and cybersecurity and offsetting lower civil aerospace activity heavily impacted by the pandemic. The intake of new orders jumped 31% to 3.416 billion euros on the back of French Rafale sales to Greece and France, for which Tha...
France's defence and technology group Thales Q1 sales rise 1.9% and company keeps its forecasts SECTIONS France's defence and technology group Thales Q1 sales rise 1.9% and company keeps its forecastsReuters Last Updated: May 06, 2021, 05:18 PM IST Share Synopsis The intake of new orders jumped 31% to 3.416 billion euros on the back of French Rafale sales to Greece and France, for which Thales makes radars, and a Franco-Italian air defence system, as well as a broadband satellite for Indonesia. AP Greece's Prime Minister Kyriakos Mitsotakis speaks during the international military exercise In...