Thales : H1 2020 in line with consensus average – FY20 guidance reassuring
>H1 2020 results bang in line with consensus estimates - Thales has just reported H1 2020 results bang in line with the average of the consensus (may not be that representative due to the very large standard deviation) but above our estimates. The order intake came in at € 6,078m in H1 2020 (B/B of 0.79x of which 0.89x in Q2), down 23% l-f-l, reflecting i/ the booking of 3 large orders in Q2, ii/ good momentum of small orders that were down by just 5% excluding c...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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