Thales : Fort impact du confinement sur les opérations à court terme mais les fondamentaux restent solides
>Le CA T1 2020 reflète déjà la désorganisation des opérations - Compte tenu de la comptabilisation du CA à l’avancement sur une part importante des contrats de la société (D&S, Espace, Transport…), la modélisation du CA T1 est rendue particulièrement complexe. Nous nous sommes basés sur deux mois « normaux » en termes d’activité et sur un impact notable des opérations dès le mois de mars avec un effondrement de la productivité. Au final, nous tablons sur un CA de 3 67...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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