Thales S.A. (0IW5) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen and thank you for standing by. Welcome to today's Thales H1 2025 results conference call. The presentation will be held by Patrice Ken Thales Chairman and CEO and Pascal Bouchiat Thales CFO. It will be followed by a question and answer session at which time 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, madam. Good morning. Welcome and thank you for joining us for the presentation of Thales H1 2025 results. I am Alexandra Boucheron, Thales Head of Investor Relations. With me today are Patrice Gaines, chairman and CEO, and Pascal Bouchard, CFO. The presentation will be followed by a Q&A session. As usual, this presentation is audio webcasted live on our website at salesgroup.com, where the slides and press releases are also available for download. Finally, a replay will be available soon after the end of the event. With that, I would like to turn over the call to Patrick Kane. Good morning, everyone, and welcome to Thales 2025 half-year results. So starting with a few highlights of the group's performance so far this year. To start, Thales has achieved a high single-digit sales growth in the first half of the year, mainly driven by avionics and defense. Indeed, focusing on defense, the supportive context has offered Thales increasing opportunities globally with a new order of 26 Rafale fighter jets for Indian Navy which was booked in Q2 2025 or with a 1.16 billion pound contract with the UK Ministry of Defence for the supply of 5,000 LMM missiles booked in July 2025 growing opportunitie...