THEON INTERNATIONAL Plc (THEON) today announces a further increase of its order intake in Q4 with the receipt of two additional orders amounting to a total of €47 million.
The new orders relate to the provision of THEON’s monocular Argus, its binocular NYX and its thermal imaging clip-on system IRIS-C, the latter being continuously receiving praise from end users who started using them in the field.
“We are delighted to formally report the receipt of two new orders not only for our traditional products but also for IRIS-C, part of the new A.R.M.E.D ecosystem. These orders further underscore our company’s leading position and reputation within the industry.”
Philippe Mennicken, Business Development Director of THEON
At the same time, improved production and accelerated delivery of existing contracts during Q4 provide confidence that THEON will reach the higher end of the guidance range in FY2024 (updated guidance: €340 – 350 million), certifying once again its ability to remain in a high growth path. Additionally, THEON also reconfirms achieving an EBIT margin in the mid-twenties in line with the initial guidance and significantly exceeding the 9-month figure.
“THEON has been delivering a very strong financial performance in FY2024 that is also reaffirmed by the guidance update. As we remain committed to our promises to the investors, we will continue growing organically faster than the market, expanding into adjacent markets and executing our M&A strategy. We will be able to provide equally positive guidance for FY2025 in the coming weeks.”
Dimitris Parthenis, Chief Financial Officer of THEON
Source: Theon Sensors press release
