NEUILLY-SUR-SEINE (dpa-AFX) - Thales (THLEF.PK) reported first-quarter sales of 2.76 billion euros, compared to 2.68 billion euros last year. Sales were up 5% organically. Order intake was 2.05 billion euros, compared to 2.62 billion euros prior year. Order intake was down 21% organically due to several major orders having been received in the first quarter of prior year. The company has confirmed its 2013 objectives of slight growth in order intake, stable sales and 5-8% increase in EBIT.
Despite the continuing unfavourable economic environment in Europe, the Group is anticipating a slight upturn in orders in 2013, largely due to the expected performance in the emerging countries. The company expects full year sales to remain stable, with the growth in civil activities offsetting a less favourable situation in defence.
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