Report
Olfa Taamallah ...
  • Yan Derocles

Thales : Un S1 19 rassurant avant le CMD

>D&S impressionne… - Sur le S1 2019, Thales a rassuré avec un EBIT ressortant à 820 M€, finalement 4.5% au-delà de nos attentes corrigées d’une reprise de provision de c40 M€ chez D&S (témoin de la prudence du groupe dans la fixation de ses hypothèses) et du décalage de la restructuration de l’Espace au S2 (vs S1 anticipé). La division Defence & Security réalise en particulier un semestre impressionnant en atteignant une marge de 13.5% hors exceptionnels, soit une amé...
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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