THALES
Thales (Euronext Paris: HO) announced today its order intake and sales for the period ending
'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
Order intake:
Sales:
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 EUR millions): See details at:
https://www.thalesgroup.com/en/group/investors/press-release/order-intake-and-sales-30-september-2020
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Thursday,
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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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