Profit warning issued after delays in contract awards in Defence and the continuous soft market in the Telco Space business. We estimate the impact of the revised guidance to be c. 1% on the group’s sales for 2019, while the EBIT generation and all other long-term guidance are left unchanged. We therefore believe that, putting this into perspective, volatility should remain high on the stock over the coming weeks as investors’ sentiment has been hurt.
18 Oct 2019
Minor guidance adjustment
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Minor guidance adjustment
Thales SA (THAL:WBO) | 0 0 1.3% | Mkt Cap: 19,046m
- Published:
18 Oct 2019 -
Author:
Hugo Paternoster -
Pages:
3
Profit warning issued after delays in contract awards in Defence and the continuous soft market in the Telco Space business. We estimate the impact of the revised guidance to be c. 1% on the group’s sales for 2019, while the EBIT generation and all other long-term guidance are left unchanged. We therefore believe that, putting this into perspective, volatility should remain high on the stock over the coming weeks as investors’ sentiment has been hurt.