PARIS, April 29 France's Thales confirmed its
2014 financial objectives after posting flat sales in the first
quarter, coupled with further evidence of busy demand for
defence and security equipment in emerging markets.
Europe's largest defence electronics group by sales said
quarterly revenue rose 1 percent on a like-for-like basis to
2.396 billion euros, led by a 7 percent gain in Aerospace.
The group's order intake rose 10 percent - 13 percent in
comparable terms - to 2.03 billion euros, led by a sharp upswing
in defence and security deals in Latin America and the Middle
Thales reaffirmed targets for the year, including stable
revenues and a double-digit percentage growth in new orders from
emerging markets, which it expects will offset declines in
defence spending in developed markets.
(Reporting by Tim Hepher; editing by Geert De Clercq)