Thales Shares Gain 2.2% to €241.50 Amidst Strong CAC 40 Rally
Thales shares have risen by 2.2% to €241.50 in early afternoon trading, as the CAC 40 index surged by 3.43%. The defense electronics group is benefiting from the overall rebound in the Paris stock market. The session is characterized by a drop in Brent crude prices, which is weighing on oil companies but supporting other market sectors.
A Still Fragile Technical Rebound Below Moving Averages
At €241.50, the stock is trading in the lower part of its Bollinger Bands, at 35% of the range, with a lower boundary at €218.99. The price remains below its 50-day moving average of €250.44 and its 200-day average of €245.19, signaling a weak trend that is not reversed by today's session. The RSI at 39 is neutral, showing no extremes. The technical support at €237.90, which was tested at the end of April, has not been breached. Over the past seven days, the stock has gained 4.5%, but it is still down 2.9% over three months. Today's rebound places the stock in a zone where resistance from the moving averages, clustered around €245-250, becomes the next visible hurdle.
Focus on the General Meeting on May 12
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
Almost there! Check your inbox.
A confirmation email has been sent. Click the link to confirm your subscription.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
The next important date on the financial calendar is the general meeting on Tuesday, May 12, 2026. Shareholders will be called to vote on the usual resolutions, in a context where the group's commercial dynamics remain strong. During the first nine months of 2025, Thales confirmed its target for organic growth of 6% to 7% for the year, with expected revenue between €21.8 billion and €22.0 billion, and an adjusted EBIT margin of between 12.2% and 12.4%. The company was then anticipating a book-to-bill ratio greater than 1, indicating an expanding order book. The sectoral context remains favorable: the cooperation signed on April 20 between Thales Alenia Space, Airbus, and RADMOR on a military telecommunications satellite for Poland illustrates the sustained demand in defense. Regarding broker perspectives, Barclays raised its target to €270 in mid-April while maintaining caution, as noted in our recommendations follow-up.
Net income: 2 005 millions d'euros (Résultat Net Ajusté, part du Groupe)
Free cash flow: 2 577 millions d'euros
Net debt: -1 618 millions d'euros
Dividend per share: 3,90 €
Payout ratio: 40 %
Guidance from the release
2025 a été une très bonne année avec des commandes records et une croissance du chiffre d’affaires, démontrant l’excellence opérationnelle du Groupe.
Communiqué indiquant des commandes records, un chiffre d’affaires en hausse et une rentabilité améliorée en 2025, avec des perspectives 2026 positives et un dividende soutenu.
Outlook / guidance
Expected revenue: Entre 23,3 et 23,6 milliards d'euros en 2026
Expected EBITDA: Non précisé publiquement
Expected net income: Non précisé publiquement
Management commentary: Pour 2026, Thales vise un book-to-bill supérieur à 1 et une croissance organique du chiffre d’affaires entre 6 % et 7 %, correspondant à un chiffre d’affaires entre 23,3 et 23,6 milliards d’euros, et une marge d’EBIT Ajusté entre 12,6 % et 12,8 %; le taux de conversion en cash devrait se situer entre 95 % et 100 %.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
