Thales : Course set for 2021 with a return to a normative financial year
>FY 2020 will be heavily impacted by the disruption of operations and the high level of fixed costs - Although the organic contraction in Q1 2020 sales was more limited than expected in the end at -4.7% (impact of € 200m for COVID), the company has clearly indicated that it expects a significant decline in Q2 due to low productivity levels (currently between 50% and 80% depending on the site) which will continue as long as the health measures are maintained. We are no...Thales is an electronics and systems group, serving defense, aeronautics, transport, space and security markets. Co.'s operations can be divided into four operating segments: Aerospace (Avionics, Space), Transportation (Ground Transport Systems), Defence & Security (Secure Communications & Information Systems Land and Air Systems, Defence Mission Systems), and DCNS. Co. designs and delivers systems for all four environments: air, land, sea and space. These systems detect and assess threats, manage information, support command decisions and control engagements through to threat neutralization. Co. is active in ground transportation; air transport; navigation systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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