Thales : Q1 2021 sales preview – Set for organic growth of c5% excl. civil aerospace
>Q1 2021 organic growth of c5% excl. civil aerospace… - In Q1(publication on 6 May before the market open), we are forecasting sales of € 3,759m, organic contraction of 1.7% relative to a quarter which was virtually unaffected by the COVID crisis. The base effects are marked, with i/ the avionics business suffering the full impact of production rate adjustments in the original equipment segment and a timorous recovery in traffic in the aftermarket segment. We model a ...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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