Thales : H1 2024 preview - Commercial momentum and growth that argues in favour of a tightening towards the top end of the guidance
>A robust H1 2024 - For H1 2024, the results of which are due for publication on 23 July, we forecast sales of € 9,509m, organic growth of 6.1% with a negligible forex effect (-0.1%) but a scope effect contributing an additional 3.1%. The defence & security activity should be the main driver with organic growth that we have modelled at 9.7%, which admittedly reflects a decline vs the 13.4% posted in Q1, but momentum which we deem consistent with a growth above the “m...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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