Thales released its Q1 order book and sales figures, suffering from the early COVID-19 effects, but still within consensus expectations. Most of the impacts are expected in Q2 with various implications depending on the activities and regions. In the longer run, and despite expected disruption for 2020, we expect a certain form of resilience in demand for Thales’ products, which are mainly exposed to Defence and long-term government contracts.

28 Apr 2020
Q1 20: early signs of weakness ahead of a challenging Q2

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Q1 20: early signs of weakness ahead of a challenging Q2
Thales SA (THAL:WBO) | 0 0 1.3% | Mkt Cap: 19,046m
- Published:
28 Apr 2020 -
Author:
Hugo Paternoster -
Pages:
3 -
Thales released its Q1 order book and sales figures, suffering from the early COVID-19 effects, but still within consensus expectations. Most of the impacts are expected in Q2 with various implications depending on the activities and regions. In the longer run, and despite expected disruption for 2020, we expect a certain form of resilience in demand for Thales’ products, which are mainly exposed to Defence and long-term government contracts.