Qioptiq logo Raytheon Global MilSatCom

THALES RISES 14%

14 Nov 02. Thales SA said on Thursday that nine-month revenue rose 18% to EUR7.65bn from EUR6.39bn a year earlier due to acquisition-boosted growth at its defense business. Thales said in a statement that on a like-for-like basis, at constant exchange rates, revenue rose 14%, compared with 9.5% in the first half.
The company gave no figures for its third-quarter performance nor any comment on its profitability. The nine-month revenue was higher than analysts’ expectations of EUR7.01bn. Thales nine-month revenue for its defence sector rose from EUR3.31 bn in 2001 to EUR4.52bn in 2002.

Back to article list