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Electronics Production | November 10, 2011

Thales nine month revenue dips

Thales today released its revenues and order intake as at 30 September 2011. Nine month revenue for the company dipped by 0.5 percent.
The dip in revenue was only slight ,t 8.61 EUR billion down from 8.66 EUR billion in the same period in 2010. Aerospace and Transport sales rose 3 percent in the first nine months while Defense and Security revenue fell 4 percent. New orders booked in the first nine months of 2011 amounted to €8,455 million, up 15% Group Chairman and CEO, Luc Vigneron stated : "Over the first nine months of the year our revenues showed a good resilience and our order intake was up, thanks to a continuing positive momentum in civil aeronautics and the signing of the major contract to upgrade Mirage 2000 aircraft in India. This performance, along with the continuing rollout of our Probasis performance plan, allows us to confirm the objectives we set ourselves for 2011 and 2012.” © Thales © Thales
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