Thales

HO: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€746.00	Gvncd	Ngzqnsdd

Thales Earnings: Strong Performance in Defense; Margin Downgrade Due to Space Performance

Loredana Muharremi

Jul 23, 2024

Wide-moat Thales reported a total order intake of EUR 10.8 million in first-half 2024, reflecting 23% organic growth compared with the same period in 2023. Sales increased 6% organically, primarily driven by strong performances in the avionics and defense and security segments. Thales' consolidated order book reached EUR 47 billion, a 16% increase from the first half of 2023 and setting a record high.

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