Thales: sets targets for 2019-2023
(CercleFinance.com) - At its 2019 CMD, electronics group Thales provided targets for the period 2019-2023, including average organic sales growth of 3% to 5%, with an EBIT margin of 11.
5% to 12% by 2023.
The group also believes that adjusted EPS will be boosted by the expected decrease in the effective corporate tax rate, which is expected to fall from 27% in 2018 to 23% to 24% by 2023, and an optimal use of its balance sheet following the acquisition of Gemalto.
Regarding Gemalto's integration, Thales expects average organic sales growth of Digital Identity and Security (DIS) of 4% to 6% over 2020 to 2023, with a corresponding EBIT margin of 12.5% to 13.5% by 2023.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
5% to 12% by 2023.
The group also believes that adjusted EPS will be boosted by the expected decrease in the effective corporate tax rate, which is expected to fall from 27% in 2018 to 23% to 24% by 2023, and an optimal use of its balance sheet following the acquisition of Gemalto.
Regarding Gemalto's integration, Thales expects average organic sales growth of Digital Identity and Security (DIS) of 4% to 6% over 2020 to 2023, with a corresponding EBIT margin of 12.5% to 13.5% by 2023.
Copyright (c) 2019 CercleFinance.com. All rights reserved.