Thales: adjusted net income down a third in 2020

(CercleFinance.com) - Thales has published 2020 adjusted net income, group share that is down 33% at 937 million euros, with an EBIT margin that is down three points at 8%, for revenue of 17 billion euros, down 7.
7% (-10.4% in organic terms).

The defense, security and transport electronics group also announced an order intake of 18.5 billion euros, down 3% (-6% on an organic basis) - although note that this still brings its order backlog to an all-time high of 34.4 billion euros.

Thales is proposing a dividend of 1.76 euro per share for 2020 (meaning a payout ratio of 40%), and says that it aims to achieve a book-to-bill ratio of more than one in 2021, with sales of between 17.1 to 17.9 billion euros and an EBIT margin of 9.5% to 10%.


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