Thales : FY 2021 earnings preview – soaring cash generation
>A spectacular end to the year! - Thales is due to report its FY 2021 results on 3 March 2022. We expect € 18.6bn in new orders, i.e. a book-to-bill of at least 1.15x with 1.6x in Q4, i.e. a level above 1x for the 4th consecutive year. This fine commercial momentum in Q4 is visible across all markets and particularly in defence (Rafale Egypt for € 0.8bn est. and Vassco contract for € 1.5bn but also three other major contracts for which the clients have not yet been na...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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