Results came in line with expectations, with still good commercial momentum and a major positive surprise concerning cash generation. Guidance points towards a return to growth in 2021, matching expectations. Buy recommendation reiterated.

04 Mar 2021
FY20: welcome rebound in H2 and strong commercial dynamic

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FY20: welcome rebound in H2 and strong commercial dynamic
Thales (HO:EPA), 0 | Thales SA (HO:PAR), 0
- Published:
04 Mar 2021 -
Author:
Hugo Paternoster | Romain Pierredon -
Pages:
3 -
Results came in line with expectations, with still good commercial momentum and a major positive surprise concerning cash generation. Guidance points towards a return to growth in 2021, matching expectations. Buy recommendation reiterated.