Thales: H1 adjusted income down 60%
(CercleFinance.com) - Thales has reported a 60% decline in H1 2020 adjusted income, group share at 232 million euros, or 1.
09 euro per share, and a 57% decline in EBIT to 348 million euros, meaning a margin that is down 5.5 points to 4.5%.
The electronics group for transport and defence reported a 5.4% fall in revenues to 7.8 billion euros (-13.6% in organic terms), while its order intake fell by 13% to 6.1 billion euros (-23% in organic terms).
Provided that the health and economic situation stabilises, Thales has set new targets for 2020, including EBIT of between 1300 million and 1400 million euros and sales of between 16.5 billion and 17.2 billion euros, with a book-to-bill ratio of over one.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
09 euro per share, and a 57% decline in EBIT to 348 million euros, meaning a margin that is down 5.5 points to 4.5%.
The electronics group for transport and defence reported a 5.4% fall in revenues to 7.8 billion euros (-13.6% in organic terms), while its order intake fell by 13% to 6.1 billion euros (-23% in organic terms).
Provided that the health and economic situation stabilises, Thales has set new targets for 2020, including EBIT of between 1300 million and 1400 million euros and sales of between 16.5 billion and 17.2 billion euros, with a book-to-bill ratio of over one.
Copyright (c) 2020 CercleFinance.com. All rights reserved.