(Boursier.com) — Thales rose 1.5% to 128.65 euros on Friday, while the broker Oddo BHF raised the cursor on the file from 134 to 139 euros while remaining ‘neutral’ in the wake of a quarterly point better than anticipated by analysts… Enough to push the title 9% higher over the past week after 5 consecutive upward sessions. Over the three months to the end of September, the aerospace, defense and security equipment supplier recorded sales of 4.04 billion euros, up 8.5%, driven by demand for cybersecurity systems. At the end of September, revenues reached 12.3 billion euros, up 6.4% on an organic basis (+9.6% in total variation), while order intake stood at 15.4 billion euros, up 6.4% on an organic basis. 41% organic (+45% published).
Management now anticipates organic growth in its turnover at the top of the range set in July, between 17.2 and 17.6 billion euros. “Despite a context marked by tensions in the supply chains and the geopolitical situation, the group is maintaining a sustained rate of growth in turnover, driven in particular by the dynamics of the digital identity and security activities (DIS , ex-Gemalto)”, said Patrice Caine, CEO of Thales.
The group also explained that it still faces several obstacles such as strains on supply chains, lack of staff, inflation and the fallout on its activities from the Russian invasion of Ukraine – estimated at 100 million euros. Thalès is nevertheless one of the big winners from the weakness of the euro.
Thales recorded a solid quarter on both orders and sales, which, with an increase in forecasts, could allow the title to “slightly outperform” on Wednesday, Citi indicated before the opening. Revenue beat the consensus by 5%, mainly driven by the DIS unit, which benefited from strong demand for cybersecurity, according to the analyst. Orders are strong in all divisions, exceeding expectations by 19%…