Thales Shares Surge 2.21% Amid Easing Tensions Between Washington and Tehran
Thales' stock significantly advanced this Wednesday, posting a gain of 2.21% to 245.60 euros after closing at 240.30 euros the previous day. This rebound occurs in a context of geopolitical easing between Washington and Tehran, benefiting the entire Paris stock market. The CAC 40 is up by 1.51% during the session, while the SBF 120 has gained 1.54%.
Thales' stock is still down by 1.33% over the past seven days, which gives today's rise a character of technical recovery. With a price at 245.60 euros, the stock is just above its 200-day moving average, set at 244.62 euros, a threshold often considered as a long-term trend indicator. This upward crossing constitutes a signal of stabilization, even though the RSI at 41 still reflects a moderate dynamic, with the stock remaining distant from the overbought zone. The 50-day moving average, at 253.27 euros, now represents the next convergence zone to monitor. The most relevant technical support is located at 236.40 euros, a level that was not tested during the recent decline. Over three months, the performance remains positive at 7.44%, while the year-on-year progress is almost nil at 0.37%.
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The session benefits from a generalized renewed appetite in European markets, fueled by the announcement on March 23 of discussions described as constructive between the United States and Iran, leading to the postponement of military strikes Washington had considered. The easing around the Strait of Hormuz, through which a significant portion of the world's oil transits, allowed the CAC 40 to regain ground after a period of high volatility at the beginning of the week. This context benefits all major French capitalizations, as evidenced by the 2.65% increase in Schneider Electric during the session. Thales, a major player in defense and electronics, operates in an environment where security and geopolitical stakes remain central concerns. The next important date on the group's financial calendar is the general assembly scheduled for May 12, 2026. The VIX, a benchmark volatility index, was at 26.78 points at the close of March 20, up by 11.31%, indicating a still elevated level of tension on global markets.
Net income: 2 005 millions d'euros (Résultat Net Ajusté, part du Groupe)
Free cash flow: 2 577 millions d'euros
-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.