Thales S.A. (0IW5) Q3 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 Q3 2025 results call. The presentation will be held by Pascal Bouchier, Thales CFO. It will be followed by a question and answer session at which time if you wish to ask a question, please press star one and one on your telephone and wait for your name to be announced. I must advise you that today's conference is being recorded. I would now like to turn 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 9 Months 2025 Order Intake and Sales. I am Alexandra Boucheron, Head of Investor Relations at Thales, and with me today is Pascal Boucheron, Thales' Chief Financial Officer. As usual, this presentation is audio broadcasted live on our website, salesgroup.com, where the slides and the 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 Bouchard. Thank you, Alexandra. Good morning, everyone. So let me start with Q3 2025 highlights. I'm now on slide two. Thales continues to record over the third quarter a strong commercial momentum in most of its businesses. The level of demand for solutions continues to be high, notably in defense, where our backlog benefits from stronger European collaboration in particular in the framework of the Readiness 2030 Strategic Defence Initiative. Thales indeed booked in the third quarter several large contracts with European countries, notably in air defence. I will come back to those later in the presentation. Air defence, as you know, is a critical need today in a number of countries. In that context, Thales...