Thales (EU:HO) reported a solid 9% year-on-year increase in sales for the first nine months of 2025, supported by strong performance in its aerospace and defence divisions. The company also reaffirmed its full-year financial guidance, reflecting continued confidence in its outlook.
Total sales reached €15.26 billion ($17.70 billion), compared with €14.07 billion a year earlier—representing 9.1% organic growth. Orders climbed 8% to €16.76 billion, pushing the book-to-bill ratio above one as rising demand in Europe and Asia bolstered both defence and space activities.
The defence segment was the main growth engine, with sales increasing 14% to €8.24 billion, supported by accelerated production and several major contract wins in the U.K., India, and Germany. Aerospace revenue advanced 7%, while the Cyber & Digital business saw a 3.8% decline, reflecting softer cybersecurity demand and the integration impact of the Imperva merger.
Thales reiterated its 2025 guidance, targeting organic sales growth of 6–7%, an adjusted EBIT margin between 12.2% and 12.4%, and a book-to-bill ratio remaining above one.
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