Report
Olfa Taamallah ...
  • Yan Derocles

Thales : Q4 2019 preview - first signs of an improvement

>Dynamic order intake in Q4 2019 - Whilst we still had a number of lingering doubts regarding the achievement of the 2019 order intake target of € 18bn, the group appears confident about reaching this objective after a very dynamic Q4. New orders of € 7.6bn in Q4 would imply a book-to-bill of 1.3x for Q4 alone and 1x for the full year (in line with the 2018 and 2017 levels). In addition to three signatures in communication satellites (Eutelsat, Hispasat and Nilsat, th...
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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