Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

Thales : Croissance organique et effet de levier opérationnel

>Une croissance toujours soutenue au T3… - Thales a publié hier un solide T3 2018 affichant une croissance organique des ventes de 9.9% à 3 421 M€ (Oddo : 3 359 M€, Cons : 3 339 M€) portée par i/ une progression de 19.2% lfl dans le Transport grâce à une accélération de l’activité grandes lignes (que nous estimons légèrement plus rentable que le segment urban) qui devrait se poursuivre dans les prochains trimestres avec les contrats récemment engrangés en Pologne, Rou...
Underlying
Thales SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Antoine Boivin-Champeaux

Yan Derocles

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