Report
Olfa Taamallah ...
  • Yan Derocles

Thales : L’accélération de 2021 est bien en préparation

>Un fort momentum de prises de commandes… - Le momentum de prises de commandes ne faiblit pas. L’année 2019 s’est terminée en trombe avec un book-to-bill de 1.5x au T4, dont 1.8x sur Defence & Security, porté à la fois par les grosses commandes (21 sur l’ensemble de l’exercice dont 12 sur le seul T4) mais aussi par les commandes intermédiaires (10 à 100 M€). Par ailleurs, les pays émergents qui avaient faibli en 2018 et 2017 (-22% et -35% respectivement en organique) ...
Underlying
Thales SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Olfa Taamallah

Yan Derocles

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