Thales: holds 2018 investor day
(CercleFinance.com) - Today, Thales will host investors and financial analysts for its 2018 investor day, at which it will present its main strategic priorities for the period 2018-2021.
The main subjects to be covered include: smart systems in the used in 5 particularly demanding markets, the strengthening of Thales' status as a technological leader: acceleration of R&D Investments, Thales: an accelerator in the transformation of its markets, and finally, the implementation of powerful operational performance levers.
Thales targets average organic sales growth of +3% to +5% p.a. over 2018-2021, driven by its outperformance of all operational sectors relative to their respective markets and an EBIT margin of between 11% and 11.5% by 2021, reflecting the positive impact of competitiveness initiatives (200 to 240 basis points) and a partial reinvestment in self-financed R&D (50 to 100 basis points).
Adjusted EPS will be boosted by the expected decrease in the effective corporate tax rate, which is expected to fall from 31% in 2017 to 23-24% by 2021. The group will further pursue its efforts to maximise cash generation, and thus aims to further improve its cash conversion ratio, which is expected to be about 90% before extraordinary items, on average over the period 2018-2021.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The main subjects to be covered include: smart systems in the used in 5 particularly demanding markets, the strengthening of Thales' status as a technological leader: acceleration of R&D Investments, Thales: an accelerator in the transformation of its markets, and finally, the implementation of powerful operational performance levers.
Thales targets average organic sales growth of +3% to +5% p.a. over 2018-2021, driven by its outperformance of all operational sectors relative to their respective markets and an EBIT margin of between 11% and 11.5% by 2021, reflecting the positive impact of competitiveness initiatives (200 to 240 basis points) and a partial reinvestment in self-financed R&D (50 to 100 basis points).
Adjusted EPS will be boosted by the expected decrease in the effective corporate tax rate, which is expected to fall from 31% in 2017 to 23-24% by 2021. The group will further pursue its efforts to maximise cash generation, and thus aims to further improve its cash conversion ratio, which is expected to be about 90% before extraordinary items, on average over the period 2018-2021.
Copyright (c) 2018 CercleFinance.com. All rights reserved.