Friday, July 22, 2016

UPDATE 1-Thales relies on mature markets and more emerging – Boursorama

 PARIS, July 22 (Reuters)  – Thales TCFP.PA stressed Friday that the  mature countries helped him to achieve strong  organic growth in the first half, allowing him not  to count on emerging only. The equipment for the  aerospace, defense and security achieved a  turnover of 6.85 billion euros in the first half,  above the consensus Thomson Reuters I / B / E / S,  which stood to 6.571 billion. “The growth  also comes from mature countries, this is a new  point,” said CEO Patrice Caine reporters.  Thales organic growth of 8.9% in the first half,  however, remains much higher in emerging with a  rate of 14%, twice that of mature countries. In  the UK, Thales second market after France, Patrice  Caine reiterated not predict the short term impact  of Brexit. Thales has made further in the first  half organic growth of 5.9% in France, where the  group generates 24% of its turnover. The group,  which is committed to organic growth of around 5%  for 2016, 2017 and 2018, maintained its target for  this year, despite its biannual performance above  expectations. “It’s much too early to  draw any conclusions for the year,” said  Patrice Caine. He also reaffirmed his goal to rake  in the order of 14 billion euros of orders this  year, despite a 13% drop in the first half  compared to the first six months of 2015 marked by  the contract of Rafale combat aircraft to Egypt.  Thales also confirmed its short and medium-term  goals, such as its increase forecast 7 and 9% of  its operating profit this year and operating  margin from 9.5% to 10% in the 2017-2018 horizon.  The statement: (Cyril  Altmeyer and Tim Hepher; Editing by Matthieu  Protard) 

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