Analyst Research Report Snapshot

Title:

THALES - COMMERCIAL GAINS

Price:

$10.00

Provider:

Edison Investment Research

Date:

29 Oct 2012

Pages:

2

Type:

AcrobatPDF

Companies referenced:

TCFP.PA

Available for Immediate Download
Summary:

Thales’s Q3 results demonstrated the benefits of the balanced business model with commercial revenues and orders partially offsetting the decline in defence markets. In addition, with international markets representing 75% of the group’s revenues at a time when markets in France remain uncertain, Thales’s long-running multi-domestic strategy is coming to the fore at a time others are scrambling to develop such a position. With the Probasis operational improvement plan on track to deliver a net P&L benefit of €250m between 2012 and 2014, Thales is benefitting from the restructuring of its operations and market approach.

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