French industrial group Thales finished 2024 better than expected. Thus, the manufacturer’s net profit grew by 39%, to €1.42 billion, and the order book at the end of the year reached a record €50.6 billion.
The group’s revenue for the year amounted to €20.6 billion, which is 12% better than the 2023 figure. And adjusted net profit, based on which Thales determines the size of dividends, increased by 7%, to €1.9 billion. Both of these indicators turned out to be better than the analysts’ forecast provided earlier by the company itself. They expected the industrial giant’s revenue to be €20.1 billion, and adjusted profit to be €1.75 billion.
In 2024, Thales’ net order inflow was €25.3 billion. In the aerospace industry, it was €6.4 billion, which is 15% higher than in 2023. At the same time, the inflow of defense orders reached a record level of €14.7 billion.
Against the backdrop of such a successful report and Thales’ decision to increase dividends from €3.4 to €3.7 per share, the industrial group’s share prices grew by 11% in Paris trading.
