News Release
Bloomberg NA/ Reuters (THEON.AS)
28 April 2025– Theon International Plc (THEON) today releases its Q1 2025 Trading Update, accomplishing exceptional efficiency and continued strong development, in line with assistance.
Financial Summary
| Q1 2025 | Q1 2024 | Modification | |
| Order consumption | EUR117.9 m | EUR39.0 m | +202.3% |
| Income | EUR90.8 m | EUR75.8 m | +19.8% |
| Changed EBIT | EUR23.0 m | EUR17.2 m | +34.2% |
| Changed EBIT margin | 25.3% | 22.6% | +2.7 p.p. |
| Incomes per share | EUR0.25 | EUR0.18 | +38.9% |
| Capex | EUR3.3 m | EUR2.5 m | +33.7 % |
| Mar 2025 | Dec 2024 | Modification | |
| Soft stockpile | EUR668.6 m | EUR654.2 m | +2.2% |
| Net working capital | EUR160.0 m | EUR165.5 m | -3.3% |
| Net money | EUR61.2 m | EUR41.7 m | +46.8 % |
Monetary Emphasizes
- Strong order consumption continues with brand-new orders reaching EUR117.9 million in Q1 2025, 202% greater than in Q1 2024, originating from numerous nations worldwide. Our order consumption represents a book-to-bill ratio of 1.3 x, which exceeds 2x when consisting of the roughly EUR100 countless brand-new choices, with an extremely high possibility of conversion to stockpile.
- Soft stockpile of EUR668.6 million at the end of Q1 2025, offers strong presence for the year ahead with an extra EUR289.0 countless legal choices which supply additional headroom for development.
- Income reached EUR90.8 million in Q1 2025, a record efficiency driven by continued strong market need and constant brand-new agreement wins.
- Changed EBIT of EUR23.0 million over the exact same duration, 34.2% greater vs Q1 2024, with a Changed EBIT margin of 25.3% (vs 22.6% in Q1 2024), keeping market leading margins, in line with assistance.
- Incomes per share grew 39% to EUR0.25 cents per share.
- Capex was EUR3.3 million, in line with our method and making it possible for THEON to continue providing constant development by broadening our capability and developing ingenious brand-new items.
Functional Emphasizes
- A number of current agreement wins, consisting of the one for the German Future Soldier Program (IdZ) where THEON offers its freshly released Heads-Up Show system, part of the A.R.M.E.D environment of items.
- Continued strong worldwide traction for the A.R.M.E.D items.
- Involvement in numerous bigger tender procedures as need for night vision items continues to increase worldwide.
- THEON’s bulk investor positioned c. 3.2 million shares (4.5% of provided share capital) in March 2025, expanding THEON’s financier base and enhancing stock liquidity.
- THEON was likewise consisted of in the feet Europe 1,000 fastest growing business list for the 2nd year.
- Lastly, THEON started the procedure of ending up being an individual in the United Nations Global Compact, showing its dedication to sustainable and ethical practices throughout its operations.
Dimitris Parthenis, CFO of THEON, commented: “THEON has actually provided a strong start to the year, driven by our best-in-class innovations and items and allowed by our strong supply chain. There is considerable bottled-up need for night vision safety glasses worldwide. At the exact same time, soldiers progressively require advanced “enhanced truth” abilities in fight, covered by our A.R.M.E.D environment. THEON is well positioned to catch this need, servicing our existing clients and winning brand-new ones.
Our Q1 efficiency and order book supply us with strong presence and self-confidence that we stay well on track to provide FY 2025 lead to line with assistance.”
FY 2025 Assistance
| Income | EUR410– 430 m |
| Changed EBIT margin | Mid-twenties |
| Capex | EUR20 m |
| Dividend (% of Earnings) | 30– 40% |
THEON’s Q1 monetary outcomes are now offered for download on our site: https://www.theon.com/investors/publications
For queries, please contact:
| Financier Relations Nikos Malesiotis Email: ir@theon.com Tel: +30 210 6772290 |
Media Contact Elli Michou Email: press@theon.com Tel: +30 210 6728610 |
About THEON GROUP
THEON GROUP of business establishes and produces innovative night vision and thermal Imaging systems for Defense and Security applications with an international footprint. THEON GROUP began its operations in 1997 from Greece and today inhabits a leading function in the sector thanks to its worldwide existence through subsidiaries and production centers in Greece, Cyprus, Germany, the Baltics, the United States, the Gulf States, Switzerland, Denmark, Belgium, Singapore and South Korea. THEON GROUP has more than 200,000 systems in service with Armed and Unique Forces in 71 nations around the globe, 26 of which are NATO nations. ΤΗΕΟΝ ΙΝΤΕRNATIONAL PLC has actually been noted on Euronext Amsterdam THEON considering that February 2024.
www.theon.com
- THEON’s incorporated merged night vision binocular ORION.
- Press Release_1Q2025 trading update_28.04.2025.
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