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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Thales    HO   FR0000121329

THALES

(HO)
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Thales : Order intake and sales at 30 September 2020

10/22/2020 | 01:05am EST

Thales (Euronext Paris: HO) announced today its order intake and sales for the period ending 30 September 2020.

Patrice Caine, Chairman & Chief Executive Officer, commented:

'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

Disclaimer

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


© Publicnow 2020
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Sales 2020 17 071 M 20 423 M 20 423 M
Net income 2020 716 M 856 M 856 M
Net Debt 2020 2 973 M 3 557 M 3 557 M
P/E ratio 2020 27,3x
Yield 2020 1,47%
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EV / Sales 2020 1,17x
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Nbr of Employees 80 237
Free-Float 46,4%
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 83,04 €
Last Close Price 79,86 €
Spread / Highest target 44,0%
Spread / Average Target 3,99%
Spread / Lowest Target -44,4%
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NameTitle
Patrice Caine Chairman & Chief Executive Officer
Jean-Loïc Galle SEVP, Chief Operating & Performance Officer
Pascal Bouchiat CFO, Senior EVP-Finance & Information Systems
Philippe Keryer Executive VP-Strategy, Research & Technology
Charles Edelstenne Director
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