Thales : Reasons for hope
>Downward adjustment to 2019 organic growth - Thales issued a warning yesterday evening saying that it is now aiming for organic growth of around 1% in 2019 versus a previous target at the low end of the 3-4% range and the consensus forecast compiled by the company of around 2%. This adjustment reflects two factors: i/ around 50bp from a fall in space of around 13% versus 10% previously expected due to lower-than-anticipated commercial telecommunications satellites o...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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