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Thales S A : - H1 2021 - Slideshow
July 23, 2021 at 01:18 am EDT
H1 2021 results
23rd July 2021
H1 2021 highlights
Record order intake, significantly above
H1 2019 in spite of Covid-19
Major rebound in sales and EBIT following heavy Covid-19 disruptions during Q2 2020
Free operating cash flow significantly ahead of plan
Strong sales performance year-to-date drives guidance upgrade
The world post Covid-19: digital innovations accelerate across portfolio
€m
7,751 +8.7% 8,423
+9.8%(a)
+37%(a)
Adjusted net income(b)
€m
591
+155%
232
Free operating cash-flow(b)
( 471)
3489.1%
4.5%
Net cash (debt) position
€m
(2,549) (2,496)
(4,397) (3,311) (3,928)
June
Dec
June
Dec
June
2019
2019
2020
2020
2021
Organic: at constant scope and exchange rates
The definition of all non-GAAP measures can be found in appendix
H1 2021 order intake
Continued strong commercial activity
Order intake by contract unit value
Q1 2021 reported growth: +28%
Q2 2021 reported growth: +41%
3 large(a) orders booked in Q2 2021, for a total of 7 in H1 2021
4 in Defense & Security, 3 in Space
Across many geographies: France, Greece, Italy, Canada and Indonesia
Small orders(b) up 5% despite continuous impact on civil aero and biometrics
€m
6,995
1,653
1,546
3,796
+35%
8,244
1,705
Unit value
6,092
> €100m
560
2,281
€10m <
1,474
Unit value
< €100m
Unit value
4,059
4 258
< €10m
With a unit value over €100m
With a unit value of less than €10m
H1 2021 sales growth
Solid sales recovery
Moderating negative currency impact: -0.7 point in Q2 vs -1.4 point in Q1 2021 and -1.9 point in Q4 2020
Organic growth of +9.8% despite civil aero and biometrics still impacted by Covid-19
Q2 sales rebounding strongly from Covid-19 crisis trough
Q2 2020 sales drop driven by decline of demand in civil aeronautics and disruption of operations in other businesses
Rebound driven by Europe
France: +14%
Rest of Europe: +22%
H1 sales growth drivers
€m
Reported growth: +8.7%
Organic
growth 8,423
7,751 Currency
-80+752
+9.8%
Q1: +1.9%
Q2: +17.8%
This is an excerpt of the original content. To continue reading it, access the original document here .
Disclaimer
THALES SA published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 23 July 2021 05:17:08 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
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%).
More about the company
Last Close Price
167.1
EUR
Average target price
167.2
EUR
Spread / Average Target
+0.09%
Consensus
1st Jan change
Capi.
+24.75% 37.19B +58.93% 4.82B -1.05% 4.18B +0.87% 2.36B +17.84% 1.4B +2.12% 893M +166.17% 787M -49.07% 573M -21.46% 564M -10.12% 404M
Satellite Design & Manufacture
+951% of historical
More than 20 years
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