Thales : H1 2021 preview – A positive trend underway
>A book-to-bill of above 1x in Q2 - The publication of interim earnings on 23 July should, at the very least, lead to an upward adjustment towards the top of the full-year target range for sales (between € 17.1bn and € 17.9bn vs € 17,748m for the median of the FactSet consensus) and the EBIT margin (between 9.5% and 10% vs 9.8% for the consensus). Indeed, we anticipate a solid first half on all fronts. In terms of order intake we have modelled a book-to-bill of 0.98x ...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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