Seeking AlphaCodex · 实盘不做把握 4/10
北京时间·🕒 发布 14:24:11时区推断·⟳ 抓取 14:24:25·⚡ 决策 07-23 14:42:36 +18m11s·96.3 天前
Thales上半年收入109.5亿欧元并重申2026目标
Thales上半年收入109.5亿欧元同比增长6.6%，订单125亿欧元同比增长21%，调整后EBIT 13.72亿欧元同比增长9.9%。
📄 原文Seeking Alpha↗ 原文
Thales S.A. Non-GAAP EPS of €4.82, revenue of €10.95B; reaffirms FY2026 outlook
- Thales S.A. press release (THLEF): 1H Non-GAAP EPS of €4.82. - Revenue of €10.95B (+6.6% Y/Y). - Strong commercial mo…
不做 Thales（HO.FR）
财报数据向好但全年目标只是确认7月3日已上调后的口径，缺少新的超预期上修，不做。
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研究档案
🔎 新鲜度:最早出现 2026-07-23 · 扩散 medium · price-in 风险 medium ↗
关键理由
- Thales上半年收入109.5亿欧元同比增长6.6%，订单125亿欧元同比增长21%，调整后EBIT 13.72亿欧元同比增长9.9%。
- 但公司只是确认2026目标，且目标上调已在7月3日发生，本条更像财报确认而非新增上修。
主要风险
- 欧洲防务大盘股财报确认类催化若无新增指引上修，容易被预期消化。
工具调用 · 历史记录,结果未知(1 种)
- stock_quote · 结果未知
原文全文
展开原文 · 1,024 字
- Thales S.A. press release (THLEF): 1H Non-GAAP EPS of €4.82.
- Revenue of €10.95B (+6.6% Y/Y).
- Strong commercial momentum, with order intake of €12.5 billion, up 21% (+22% on an organic basis1).
- Solid sales growth to €10.9 billion, up 6.7% (+7.8% on an organic basis and +9.6% excluding non-recurring items2).
- Continued improvement in profitability, with Adjusted EBIT3 of €1,372 million, up 9.9% (+11.4% on an organic basis).
- Free operating cash flow in the first half of 2026 was significant, amounting to €1,865 million, compared with €499 million in the first half of 2025.
- Net debt stood at €519 million as of June 30, 2026, compared with €1,618 million as of December 31, 2025 and €3,427 million as of June 30, 2025.
- Confirmation of 2026 targets, including the upward revision of certain objectives on July 3, 2026:
- Book-to-bill above 1.1.
- Organic sales growth between +6% and +7%.
- Adjusted EBIT margin between 12.6% and 12.8%.
- Conversion rate into free operating cash flow between 100% and 110%.
- Revenue of €10.95B (+6.6% Y/Y).
- Strong commercial momentum, with order intake of €12.5 billion, up 21% (+22% on an organic basis1).
- Solid sales growth to €10.9 billion, up 6.7% (+7.8% on an organic basis and +9.6% excluding non-recurring items2).
- Continued improvement in profitability, with Adjusted EBIT3 of €1,372 million, up 9.9% (+11.4% on an organic basis).
- Free operating cash flow in the first half of 2026 was significant, amounting to €1,865 million, compared with €499 million in the first half of 2025.
- Net debt stood at €519 million as of June 30, 2026, compared with €1,618 million as of December 31, 2025 and €3,427 million as of June 30, 2025.
- Confirmation of 2026 targets, including the upward revision of certain objectives on July 3, 2026:
- Book-to-bill above 1.1.
- Organic sales growth between +6% and +7%.
- Adjusted EBIT margin between 12.6% and 12.8%.
- Conversion rate into free operating cash flow between 100% and 110%.
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