Thales S.A. (0IW5) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Thales Q1 2025 Order Intake and Sales Conference call. The presentation will be held by Pascal Bouchier, Thales CFO. It will be followed by a question and answer session. If you wish to ask a question, you will need to press star 1 1 on your telephone and wait for your name to be announced. I must advise you that this conference is being recorded. I would now like to hand the conference over to Ms. Alexandra Boucheron, VP, Head of Investor Relations. Please go ahead, Madame. Good morning. Welcome and thank you all for joining us for the presentation of Thales Q1 2025 Order Intake and Sell. I am Alexandra Boucheron, Head of Investor Relations at Thales. With me today is Pascal Boucheron, our Chief Financial Officer. As usual, this presentation is audio webcasted live on our website at thalesgroup.com, where the slides and press release are also available for download. A replay will be available soon after the end of the event. With that, I would like to turn over the call to Pascal Boucher. Thank you Alexandre and good morning everyone. Let's kick off with Q1 2025 highlights before digging into the numbers. I'm now on slide two. So Thales has started 2025 with another quarter of robust underlying commercial momentum. The level of demand for products and solutions continues to be high in most of our businesses, which make us fully confident to achieve our guidance of a book-to-bill ratio above one in 2025. Sales growth was strong in the first quarter, amounting to 9.9% organically versus last year. This performance is particularly driven by all Avionics activities on the one hand, and by defense on the other hand. Talking about defense, The momentum in Europe is particularly positive. As ...