Report
Olfa Taamallah ...
  • Yan Derocles

Thales : Le retour de la croissance justifie un rerating

>Poursuite du momentum favorable des prises de commandes - Après un book-to-bill de 1.09x en 2020 dont 1.76x sur le seul T4, Thales affiche sa confiance sur 2021 avec une nouvelle anticipation de commandes surpassant les ventes. Cet engagement n’intègre pas de contrat jumbo, éventualité qui ne peut pas être totalement écartée si Telesat boucle son financement (le processus progresse avec l’apport le 18/02 de 450 M$ du gouvernement du Québec – pour Thales le contrat s’...
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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