Thales published solid FY19, with positive surprises on both the profitability and cash generation level. Medium-term guidance remains unchanged with an acceleration of growth expected from 2021 onwards. 2020’s guidance is roughly in line with expectations. We maintain a positive view on Thales which we believe has recently discounted several negatives, while the outlook is improving.
26 Feb 2020
FY19: good dynamics in H2, clearing previous disappointments
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FY19: good dynamics in H2, clearing previous disappointments
Thales SA (THAL:WBO) | 0 0 1.3% | Mkt Cap: 19,046m
- Published:
26 Feb 2020 -
Author:
Hugo Paternoster -
Pages:
3
Thales published solid FY19, with positive surprises on both the profitability and cash generation level. Medium-term guidance remains unchanged with an acceleration of growth expected from 2021 onwards. 2020’s guidance is roughly in line with expectations. We maintain a positive view on Thales which we believe has recently discounted several negatives, while the outlook is improving.