Thales reported very strong H1 results specifically on the bottom-line side. Sales grew in line with expectations but the EBIT jumped by 30%, mainly supported by the Defence & Security division which displayed an almost 12% EBIT margin. The negative point came from the cash flow generation that has been affected by the WC requirements which strongly increased in H1 18. Despite strong results and slightly higher space orders, the group has not raised its FY guidance.
20 Jul 2018
Strong operating performance, as usual, but no guidance upgrade yet
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Strong operating performance, as usual, but no guidance upgrade yet
Thales SA (THAL:WBO) | 0 0 1.3% | Mkt Cap: 19,046m
- Published:
20 Jul 2018 -
Author:
Marc Laubel -
Pages:
3
Thales reported very strong H1 results specifically on the bottom-line side. Sales grew in line with expectations but the EBIT jumped by 30%, mainly supported by the Defence & Security division which displayed an almost 12% EBIT margin. The negative point came from the cash flow generation that has been affected by the WC requirements which strongly increased in H1 18. Despite strong results and slightly higher space orders, the group has not raised its FY guidance.