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Thales: adjusts its organic growth target

( - Thales has reduced its organic growth target for 2019, although has confirmed all its other short- and medium-term financial targets.

The group expects Q3 sales to be in line with the consensus at 4.2 billion euros, up 23.4% (+0.9% in organic terms).

Thales has also adjusted its 2019 organic sales growth target, expecting token growth of around 1%. The group has confirmed its other 2019 financial targets (EBIT and new orders) and its financial targets for 2019-23, as presented at its CMD on 3 October.

The group has also confirmed its target for new orders in 2019, which are expected to be slightly above 18 billion euros.

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