'After the unprecedented disruptions to Q2 2020 caused by the Covid-19 pandemic, sales in Q3 improved significantly thanks to the efforts of Thales teams worldwide. All business lines - with the exception of civil aeronautics - illustrated the Group's resilience in the face of this crisis. Unsurprisingly, civil aeronautics sales were down sharply in Q3, by around 45%.
Q3 order intake was in line with our expectations, and a number of large contracts, especially in defence and the space domain, are being finalised.
Against a backdrop of considerable economic and public health uncertainty, all the teams remain committed to implementing the global adaptation plan, which is expected to generate savings of some €800 million in 2020. We confirm all our financial objectives for the year.'
• Order intake: €9.2 billion, down 12% (-18% on an organic basis [1])
• Sales: €11.7 billion, down 5.6% (-10.5% on an organic basis)
• Marked improvement in sales in Q3:
- Total organic change: -4.3% (-19.9% in Q2)
- Organic change excluding aeronautics: +1.5% (-14.8% in Q2)
• All 2020 financial objectives confirmed
Order intake(in € millions)
9 months
2020
9 months
2019
Total
change
Organic change
Aerospace
2,268
2,625
-14%
-13%
Transport
805
868
-7%
-6%
Defence & Security
3,853
5,270
-27%
-27%
Digital Identity & Security
2,227
1,621
n.m.
-4%
Other
27
62
-
-
Total
9,181
10,445
-12%
-18%
Sales(in € millions)
Aerospace
2,898
3,787
-23.5%
-23.3%
Transport
1,102
1,268
-13.1%
-12.3%
Defence & Security
5,469
5,670
-3.6%
-3.3%
Digital Identity & Security
2,201
1,631
n.m.
-4.2%
Other
46
54
-
-
Total
11,714
12,410
-5.6%
-10.5%
We are pleased to invite you to participate in our conference call in English:
Thursday,22 October 2020 at 8:30 am (CET)
Dial-in the following number from:
International and United Kingdom
+44 (0) 2071 928000
France
+33 (0)1 76 70 07 94
+ Passcode:
to communicate to the operator
3980978
It will be also possible to follow the conference call through a webcast by using the following link:
https://edge.media-server.com/mmc/p/amcag7vb
If you are unable to listen to the call live through the Webcast a replay will be available one hour after the end of the event, and will remain available for 12 months. To access the replay, please use the aforementioned link.
Note
[1] 'Organic' means at constant scope and currency. See note on methodology on page 33 of the 2019 universal registration document, and calculation on page 7 of this press release
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THALES SA published this content on 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 05:04:04 UTC
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 break down by product group as follows:
- defense and security systems (53.4%): 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 (28.4%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.);
- digital identification and security solutions (18.2%).
Besides, the group owns a 35% stake in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors).
Net sales are distributed geographically as follows: France (29.5%), the United Kingdom (6.6%), Europe (24.8%), the United States and Canada (14%), Asia (9.4%), Near and Middle East (6%), Australia and New Zealand (4.4%) and other (5.3%).