Thales, the French multinational company just published 2017 Results. Last year have been great for the aerospace & defence services providers with a turnover of 15,8 billion euros that represents an organic growth of 7,2% compare to 2016 results. French group prepared 2018 as good as possible.
Aerospace number of commands and turnover decreased during last year with 5,2 billion this year for 5,87 billion in 2016. This drop is due to the very big command of 36 Rafales by India in 2016. But, Defence sector raised in 2017 except in India. For the transport sector, figures are quite good with +9,9% for this sector. Even if profitability isn't very good compared to others, Chief Executive Officer, Patrice Caire is convinced that autonomous train will arrive before autonomous cars.
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The French electronic and Defence specialist also confirmed that they want to finish acquisition of Gemalto(GTO.AE) in the 2018's second half.
"Thales should continue to benefit of good trend of most of markets they are in, growth in commercial dynamic in military activities offset with telecommunication satellites market" said the French group in a press release. Activity should grow even if aerospace market growth is now more moderated added Thales
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