Thales S.A. (0IW5) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen and thank you for standing by. Welcome to Thales Q1 2026 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, please 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 Mr. Louis Gonnet, VP, Head of Investor Relations. Please go ahead, sir. Thank you. Good morning, all. Welcome and thank you for joining us for the presentation of Thales Q1 2026 Order Intake and Sales. I am Louis Gonnet, Head of Investor Relations at Thales. With me today is Pascal Bouchard, Chief Financial Officer of Thales. As usual, this presentation is audio broadcasted live on our website, 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'd like to turn over the call to Pascal Bouchard. Thank you. Thank you, Louis. Good morning, everyone. Let me start with Q1 2026 highlights. I'm now on slide two. We wish today a robust first quarter 2026 that reflects the continued positive momentum across our businesses. Order intake was sharply year-on-year, driven by the high level of demand for Thales products and solutions in a global supportive market environment. Even though I would like to reiterate that looking at order intake on a quarterly basis can be misleading, this performance illustrates the relevance of our premium portfolio, moreover in light of the current events. Sales posted almost 10% organic growth in the quarter, with a particularly strong performance in defense. This strong start to the year ...