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Thales Shares Jump After Results Beat Expectations

By Nina Kienle


Thales shares climbed Tuesday after the company reported sales, orders and earnings ahead of analysts' expectations for last year.

At 0840 GMT, shares traded 6.4% higher at EUR147.25. The stock is up more than 10% since the year began.

The French aerospace-and-defense company reported an order intake of 23.13 billion euros ($25.11 billion) for 2023, slightly below EUR23.55 billion for the previous year, but above analysts' EUR20.65 billion estimate, according to a market consensus provided by the company.

Earnings before interest and taxes rose 10% to EUR2.13 billion with a margin increase to 11.6% from 11%. Analysts had forecast EBIT of EUR2.11 billion.

Sales amounted to EUR18.43 billion, up 4.9% and above analysts' EUR18.18 billion forecast.


Write to Nina Kienle at


(END) Dow Jones Newswires

March 05, 2024 04:04 ET (09:04 GMT)

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