Thales Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Thales (EPA:HO) Full Year 2023 Results

Key Financial Results

• Revenue: €18.4b (up 4.9% from FY 2022).
• Net income: €949.1m (down 15% from FY 2022).
• Profit margin: 5.2% (down from 6.3% in FY 2022).
• EPS: €4.55 (down from €5.25 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Thales Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Aerospace & Defense industry in France.

Performance of the French Aerospace & Defense industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Thales.

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