Thales

HO

FR0000121329

Aerospace & Defense

Market Closed - Euronext Paris Other stock markets 11:35:18 2023-12-01 am EST			5-day change	1st Jan Change
139.15 ^EUR	+1.61%		-1.00%	+16.64%

Dec. 01	CAC40: bullish momentum maintained, close to 7350 pts	CF
Dec. 01	CAC40: flirting with 7,350, Powell's comments without impact	CF

Hitachi offers EU remedies on Thales rail signal business buy

September 15, 2023 at 09:03 am EDT

BRUSSELS, Sept 15 (Reuters) - Hitachi has offered remedies in a bid to secure EU antitrust approval for its proposed acquisition of French infrastructure company Thales' rail signal business, an EU regulatory filing showed on Friday.

Hitachi submitted its remedies on Thursday, the same day it sought approval for the deal, the filing on the European Commission website showed.

The EU competition enforcer set a Nov. 6 deadline for its decision. (Reporting by Foo Yun Chee)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
HITACHI, LTD.	10,410.00 JPY	-0.43%	+0.24%	65 841 M $
TOPIX INDEX	2,363.99 PTS	-0.78%	-0.75%	-
THALES	139.15 EUR	+1.61%	-1.00%	31 508 M $

Latest news about Thales

CAC40: bullish momentum maintained, close to 7350 pts	Dec. 01	CF
CAC40: flirting with 7,350, Powell's comments without impact	Dec. 01	CF
CAC40: +0.5%, December starts as November ended	Dec. 01	CF
CAC40: starts the month on the right foot, tops 7350 pts	Dec. 01	CF
Rothesay agrees $3.4 billion deal for Thales in hot UK pensions insurance market	Dec. 01	RE
Thales: UK pension scheme to be transferred	Dec. 01	CF
Thales to Transfer GBP2.7 Billion UK Pension Scheme Obligations to Rothesay	Dec. 01	MT
Thales: sub-contract for Horizon frigates	Nov. 27	CF
CAC40: up slightly, stalls at the 7300 pts mark	Nov. 24	CF
Spain's aerospace co Escribano raises its stake in Indra to 8%	Nov. 24	RE
Thales: contract with DGA for offshore patrol boats	Nov. 24	CF
Thales Wins Contract to Deliver Public Transportation System in Egypt	Nov. 24	MT
Thales: wins DGA AI hacking challenge	Nov. 23	CF
Thales signs contract for Alexandria metro system	Nov. 23	CF
CAC40: crosses 7250 points, oil prices fall	Nov. 22	CF
Thales: cooperation on drone trials in Switzerland	Nov. 22	CF
Thales: contract with the Australian Defence Force	Nov. 22	CF
Thales signs agreement with Hassan Allam Construction	Nov. 22	CF
CAC40: a slight decline, the configuration remains fragile	Nov. 21	CF
Thales signs agreement with Tübitak Uzay	Nov. 21	CF
Northrop Grumman pulls out of UK narrowband military satellite tender - FT	Nov. 17	RE
Northrop Grumman Withdraws Bid to Build Satellites for UK Armed Forces	Nov. 17	MT
Thales: partnership with Moro Hub in the Emirates	Nov. 17	CF
Thales: new network virtualization software	Nov. 17	CF
Thales signs contract for Taipei metro system	Nov. 16	CF

Chart Thales

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Company Profile

Thales is one of the European leaders in manufacturing and marketing of electronic equipment and systems for the defense and security, aerospace, and transportation sectors. Net sales (including intragroup) break down by activity sector as follows: - defense and security systems (52.9%): C4I defense and security systems (control and monitoring systems, communication, protection, cyber-security, and other systems), defense mission systems, naval systems, electronic war systems, drones, air operation systems (air defense, air surveillance), ground defense systems and missiles; - aerospace systems (26.7%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.); - digital identification and security solutions (20.5%). Besides, the group detains 35% of holdings in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors). Net sales are distributed geographically as follows: Europe (56.6%), North America (13.7%), Australia and New Zealand (5.5%) and other (24.2%).

Sector

Aerospace & Defense

Calendar

2023-12-04 - Interim dividend

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Income Statement Evolution

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Analysis / Opinion

THALES : 9M 23: DIS enters negative growth territory

November 01, 2023 at 12:42 pm EDT

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Ratings for Thales

Trading Rating :

Investor Rating :

ESG Refinitiv :

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

139.15EUR

Average target price

155.25EUR

Spread / Average Target

+11.57%

Consensus

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Company calendar

Sector Satellite Design & Manufacture

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THALES	+16.64%	31 508 M $
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SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD	+10.76%	2 343 M $
CHENGDU M&S ELECTRONICS TECHNOLOGY CO.,LTD.	-5.66%	1 224 M $
NARUIDA TECHNOLOGY CO., LTD.	0.00%	1 146 M $
OHB SE	+30.08%	791 M $
PLANET LABS PBC	-41.84%	723 M $
BEIJING NAVIGATION CONTROL TECHNOLOGY CO.,LTD.	-13.84%	485 M $
DCX SYSTEMS LIMITED	+58.47%	413 M $

Satellite Design & Manufacture

Thales

Equities

HO

FR0000121329

Aerospace & Defense

Hitachi offers EU remedies on Thales rail signal business buy

Stocks mentioned in the article

EPS Revisions

Quarterly revenue - Rate of surprise