Report
Olfa Taamallah ...
  • Yan Derocles

Thales : Preview of FY 2020 earnings - Focus on FCF

>2020 ends on a high note - As CEO, Patrice Caine, stressed at our forum, Thales benefited from very favourable commercial momentum at end-2020 with the finalisation of significant contracts like the MKS180 (c.€ 1.5bn), MMCM (c.€ 0.3bn), the digitisation of the Stuttgart rail network with Deutsche Bahn (c.€ 0.1bn), Space Rider (€ 0.1bn) to which should be added a number of undisclosed military contracts of above € 100m. The book-to-bill target of above 1x should ther...
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

Other Reports on these Companies
Other Reports from Oddo BHF
Olfa Taamallah ... (+2)
  • Olfa Taamallah
  • Yan Derocles
Cor Kluis ... (+2)
  • Cor Kluis
  • Julian Dobrovolschi

ResearchPool Subscriptions

Get the most out of your insights

Get in touch