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Olfa Taamallah ...
  • Yan Derocles

Thales : Preview FY21 – La génération de cash s’envole

>Une fin d’année en fanfare ! - Thales publiera ses résultats annuels 2021 le 3 mars. Nous tablons sur 18.6 Md€ de prises de commandes, soit un book-to-bill d’au moins 1.15x dont 1.6x sur le seul T4 i.e. un niveau supérieur à 1x pour la 4ème année consécutive. Cette belle dynamique commerciale sur le T4 est visible sur l’ensemble des marchés et tout particulièrement sur la défense (Rafale Egypte pour 0.8 Md€e et contrat Vassco pour 1.5 Md€ mais aussi 3 autres contrats...
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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