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May 6, 2021, 2:03 a.m. EDT

Thales sales edge up despite virus, confirms 2021

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By Olivia Bugault

Thales said Thursday that sales in its first quarter edged up despite the continued impact of the coronavirus pandemic on its civil aeronautics and biometrics activities, and it confirmed its 2021 outlook.

The French aerospace-and-defense company posted sales of 3.92 billion euros ($4.71 billion) for the first three months of the year, compared with EUR3.9 billion the year prior, it said. Organically, sales grew 1.9%. Sales declined at its digital identity and security division and its aerospace business as both are still suffering from the pandemic, while sales at its defense and security division jumped 12.3% organically and were broadly flat at its transport business, it said.

Order intake stood at EUR3.42 billion, up 31% at constant exchange rate compared with last year, the company said. "During the quarter, the group recorded four large orders worth more than EUR100 million, representing a total amount of EUR622 million, compared to a single large order in the first quarter of 2020," Thales said.

Thales confirmed its 2021 forecast, including sales of between EUR17.1 billion and EUR17.9 billion.

Write to Olivia Bugault at olivia.bugault@wsj.com

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