PARIS, March 3 (Reuters) – French aerospace and technology firm Thales on Tuesday reported a slightly higher-than-expected annual core profit led by its main defence business and demand for avionics and space activities, and predicted higher profit margins for this year.
Europe’s largest defence technology group said its 2025 adjusted operating earnings climbed 14% on a like-for-like basis to 2.74 billion euros ($3.20 billion), as sales rose 8.8% to 22.14 billion euros and the fresh order intake edged up 1% to 25.26 billion euros.
Analysts were on average expecting adjusted operating income of 2.7 billion euros on revenue of 21.88 billion euros and an order intake of 25.21 billion euros, according to a company-compiled consensus.
For 2026, the maker of military and civil radars and digital systems predicted an operating profit margin of 12.6% to 12.8%, up from 12.4% last year, and underlying growth in revenues of 6% to 7%, with new orders continuing to outstrip sales.
($1 = 0.8562 euros)
(Reporting by Tim Hepher, editing by Milla Nissi-Prussak)
