reports
THEON secures additional orders of more than €50 million in Q1 2025, a...
THEON secures additional orders of more than €50 million in Q1 2025, a combination of Night Vision Goggles and A.R.M.E.D. products. An additional c.€50 million was transferred from soft to hard backlog. Press Release Bloomberg (THEON:NA) / Reuters (THEON.AS) Newly awarded contracts increase soft backlog by more than €50 millionAlready announced orders of c.€50 million move from soft to hard backlogA.R.M.E.D. products are getting increasing traction in many countries 18 March 2025 – ) announces newly awarded contracts that increase soft backlog by more than €50 million. At the s...
THEON’s strong presence at the international exhibition IDEX 2025 in A...
THEON’s strong presence at the international exhibition IDEX 2025 in Abu Dhabi, presenting its new A.R.M.E.D. ecosystem of Augmented Reality devices for the “Soldier of the Future” Press Release Bloomberg (THEON:NA) / Reuters (THEON.AS) 25th February 2025. THEON's participation in the IDEX-NAVDEX 2025 (International Defense Equipment Exhibition) held in Abu Dhabi, United Arab Emirates, on 17-21 February 2025, was completed with a strong presence. At THEON's stand at IDEX-NAVDEX 2025, which is characterized as one of the largest international exhibitions in the field of defense and sec...
THEON announces FY 2024 preliminary results above guidance, highlighti...
THEON announces FY 2024 preliminary results above guidance, highlighting robust performance throughout the year, and anticipating further strong growth in FY 2025 Press Release Bloomberg (THEON:NA) / Reuters (THEON.AS) Order intake of €466 million, resulting in a soft backlog of €654 million, marking a 20% year-on-year increaseAdditional embedded options of €301 million, providing further visibilityRevenue of €352.4 million, above guidance, representing top line growth of 61.1%Adjusted EBIT of €88.2 million, maintaining best-in-class margin of 25.0%Net Cash position of €41.9 million, en...
THEON receives new orders in January 2025, totaling €53 million, with ...
THEON receives new orders in January 2025, totaling €53 million, with embedded new options of an additional €95.5 million and participates in the German Future Soldier Program Press Release THEON receives new orders in January 2025, totaling €53 million, with embedded new options of an additional €95.5 million and participates in the German Future Soldier Program Bloomberg (THEON:NA) / Reuters (THEON.AS) THEON is included in the German Future Soldier Program (IdZ), offering its newly launched Heads-Up Display system to the German Armed ForcesNew order intake of €53 million f...
- Toby Thorrington
Theon International - Record order book and upgrade to FY25
Theon International is a market leader in the defence optronics (night vision and thermal imaging) sector. Strong order intake, particularly in Q424, has enabled management to provide a positive outlook for FY25, including c 20% revenue growth. Adding in the mid-20% operating margins, we see the shares offering clear attractions on the current undemanding P/E rating of 11x in FY25e.
- Toby Thorrington
Theon International - Positive update on FY24
Theon is a market leader in night vision and thermal imaging systems. The group has released a positive update on FY24 and further order intake for Q4, providing momentum into FY25. The latest events in the Middle East are likely to support military budgets globally. This will provide a positive environment for Theon that will be supplemented by internal development to expand the product portfolio to support integrated battlefield requirements.
- Toby Thorrington
Theon International - Clear vision for growth
Theon International commands a unique position in military night vision systems as a market-leading business focused on man-portable systems (goggles). It has a market-leading position in Europe, an expanding presence globally and is developing adjacent product portfolios, most notably platforms like military vehicle vision systems. Its potential is supported by an addressable market of more than €3bn forecast to grow at double-digit rates. Combining this with a low capital-intensity business mo...
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