Thales 1Q2011 revenue up 2%

France's Thales reported (11-May-2011) a 2% year-on-year increase in revenue to EUR2519 million and a 18% decline in order intake to EUR1943 million at the end of the first three months of 2011. Details include:

• Revenue: EUR2519 million, +2% year-on-year;
  • Aerospace and transport: EUR1120 million, +4%;
• Order intake: EUR1943 million, -18%;
  • Aerospace and transport: EUR957 million, -11%. [more]

Thales: "In the first three months of the year, our revenues benefited from the upturn in the civil aviation business. However, new orders were down this quarter, in the absence of major contracts and in an environment marked by budget pressures in Europe and instability in the Middle East," Luc Vigneron, Chairman and CEO. Source: Thales, 11-May-2011.