Thales first-quarter sales jump nearly 10% as defence deliveries surge


FILE PHOTO: A Thales employee works on a Ground Master 200 (GM200), a medium-range radar produced for air defence, during a visit at the Thales radar factory in Limours, France, February 1, 2023. REUTERS/Gonzalo Fuentes/File Photo

April 21 (Reuters) - Europe's ⁠largest defence technology group Thales on Tuesday reported first-quarter sales well above ⁠analyst forecasts, with revenues rising nearly 10% organically driven by surging ‌defence deliveries.

The group posted quarterly sales of 5.32 billion euros ($6.27 billion), up 9.7% organically from a year ago, as its defence division, which alone accounted for more than half of total sales, benefited ​from expanded capacity that lifted delivery rates across its ⁠portfolio.

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