Thales : Q3 sales broadly in line with expectations but order intake lagging behind
>Q3 2023 sales in line - order intake is 15.7% below consensus estimates - Thales has just released a mixed set of Q3 sales, with sales pretty much in line with expectations but order intake missing the street forecast. Sales of € 4,138m were 1% above consensus expectations (ODDO BHF: € 4,108m, company-compiled consensus: € 4,099m) with organic growth of 7.2% in Q3 vs 6.3% in Q2 and +9.4% in Q1. This was mainly driven by i/ organic growth of 12.7% in Aerospace at € 1...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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