H1 2021 results
23rd July 2021
www.thalesgroup.com
H1 2021 highlights
Record order intake, significantly above
H1 2019 in spite of Covid-19
Major rebound in sales and EBIT following heavy Covid-19 disruptions during Q2 2020
Free operating cash flow significantly ahead of plan
Strong sales performance year-to-date drives guidance upgrade
The world post Covid-19: digital innovations accelerate across portfolio
H1 2021 results - 2
H1 2021 key figures
Order intake | Sales |
EBIT and EBIT margin(b)
€m
6,092
+35% 8,244
€m
7,751 +8.7% 8,423
+9.8%(a)
€m and %
768
+121%
+37%(a)
H1 2020 | H1 2021 |
Adjusted net income(b)
€m
591
+155%
232
H1 2020 | H1 2021 |
H1 2020 | H1 2021 |
Free operating cash-flow(b)
€m | H1 2020 | H1 2021 | |
420 | |||
( 471)
3489.1%
4.5%
H1 2020 | H1 2021 |
Net cash (debt) position
€m
(2,549) (2,496)
(4,397) (3,311) (3,928)
June | Dec | June | Dec | June |
2019 | 2019 | 2020 | 2020 | 2021 |
- Organic: at constant scope and exchange rates
- The definition of all non-GAAP measures can be found in appendix
H1 2021 results - 3
H1 2021 order intake
Continued strong commercial activity
Order intake by contract unit value
Q1 2021 reported growth: +28%
Q2 2021 reported growth: +41%
3 large(a) orders booked in Q2 2021, for a total of 7 in H1 2021
4 in Defense & Security, 3 in Space
Across many geographies: France, Greece, Italy, Canada and Indonesia
Small orders(b) up 5% despite continuous impact on civil aero and biometrics
€m
6,995
1,653
1,546
3,796
+35% | 8,244 | |
1,705 | ||
Unit value | 6,092 | |
> €100m | 560 | 2,281 |
€10m < | 1,474 | |
Unit value | ||
< €100m | ||
Unit value | 4,059 | 4 258 |
< €10m |
- With a unit value over €100m
- With a unit value of less than €10m
H1 2019 | H1 2020 | H1 2021 |
H1 2021 results - 4
H1 2021 sales growth
Solid sales recovery
Moderating negative currency impact: -0.7 point in Q2 vs -1.4 point in Q1 2021 and -1.9 point in Q4 2020
Organic growth of +9.8% despite civil aero and biometrics still impacted by Covid-19
Q2 sales rebounding strongly from Covid-19 crisis trough
Q2 2020 sales drop driven by decline of demand in civil aeronautics and disruption of operations in other businesses
Rebound driven by Europe
France: +14%
Rest of Europe: +22%
H1 sales growth drivers
€m | Reported growth: +8.7% |
Organic
growth 8,423
7,751 Currency
-80+752
+9.8%
Q1: +1.9%
Q2: +17.8%
H1 2020 | H1 2021 |
H1 2021 results - 5
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THALES SA published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 05:17:08 UTC.