Thales

HO

FR0000121329

Aerospace & Defense

Real-time Euronext Paris Other stock markets 01:55:25 03/07/2024 pm IST			5-day change	1st Jan Change
152.8 ^EUR	+0.86%		+0.53%	+14.04%

02/07	CAC40: reduced losses in the second half of the session	CF
02/07	CAC40: limiting the damage, E-Stoxx50 saves 4,900pts	CF

Thales's Offices in Three Countries Raided by Police

July 01, 2024 at 02:16 pm IST

By Cristina Gallardo

Police searched the offices of French military equipment provider Thales in France, Spain and the Netherlands, amid reports of two separate corruption probes.

Thales confirmed that the searches took place and said that the group is cooperating with the authorities, without giving any more detail.

"Thales emphasizes that it strictly complies with national and international regulations," a spokesperson for the company said Monday. "The company has developed and implemented a global compliance programme by which it abides and which meets the highest industry standards."

French news channel BFMTV reported over the weekend that the searches are part of two preliminary investigations looking into corruption and influence peddling.

Write to Cristina Gallardo at cristina.gallardo@wsj.com

(END) Dow Jones Newswires

07-01-24 0445ET

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Chart Thales

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Company Profile

Thales is one of the European leaders in manufacturing and marketing of electronic equipment and systems for the defense and security, aerospace, and transportation sectors. Net sales break down by product group as follows: - defense and security systems (53.4%): C4I defense and security systems (control and monitoring systems, communication, protection, cyber-security, and other systems), defense mission systems, naval systems, electronic war systems, drones, air operation systems (air defense, air surveillance), ground defense systems and missiles; - aerospace systems (28.4%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.); - digital identification and security solutions (18.2%). Besides, the group owns a 35% stake in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors). Net sales are distributed geographically as follows: France (29.5%), the United Kingdom (6.6%), Europe (24.8%), the United States and Canada (14%), Asia (9.4%), Near and Middle East (6%), Australia and New Zealand (4.4%) and other (5.3%).

Sector

Aerospace & Defense

Calendar

23/07/2024 - Q2 2024 Earnings Release

Related indices

CAC 40 , STOXX EUROPE 600 (EUR)

More about the company

Income Statement Evolution

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Analysis / Opinion

THALES : Q1-24: Thales aims and shoots right thanks to Defence

April 30, 2024 at 06:20 pm IST

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Ratings for Thales

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

151.5 EUR

Average target price

171.2 EUR

Spread / Average Target

+13.04%

Consensus

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Quarterly revenue - Rate of surprise

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Satellite Design & Manufacture

Thales

Equities

HO

FR0000121329

Aerospace & Defense

Thales's Offices in Three Countries Raided by Police

EPS Revisions

Quarterly revenue - Rate of surprise