Thales, the French defense and technology company, has recently revealed new four-year goals and expects to achieve a revenue of more than 25 billion euros (26.34 billion USD) by 2028, as the company has been investing in the cybersecurity sector for a decade.
As the largest European provider of defense technology, Thales has seen its revenues in the cybersecurity sector quadruple in recent years through acquisitions. The company has stated that it aims for an average revenue growth of 5 to 7% between 2024 and 2028.
In addition to revenue growth, Thales is also targeting an operating profit of 13% to 14% by 2028, compared to 11.6% in 2023 and 11.7% to 11.8% this year. These figures were announced ahead of the company’s first major Investor Day since 2019, a period during which margins have rebounded following the decline during the COVID-19 pandemic.
Thales’ expansion into the cybersecurity sector has been a key driver of its growth, with the company making strategic acquisitions to strengthen its position in this rapidly evolving market. By focusing on cybersecurity, Thales is not only diversifying its revenue streams but also capitalizing on the increasing demand for advanced cybersecurity solutions.
The company’s decision to set ambitious goals for the next four years reflects its confidence in the cybersecurity sector and its ability to capitalize on the growing market opportunities. With an emphasis on innovation and strategic investments, Thales is well-positioned to continue its growth trajectory and deliver value to its shareholders.
Overall, Thales’ strong performance in the cybersecurity sector bodes well for its future growth prospects and underscores the company’s strategic vision and commitment to technological advancement. As it continues to expand its presence in the cybersecurity market, Thales is poised to emerge as a key player in this critical industry, driving value for its stakeholders and contributing to a more secure digital ecosystem.
