Thales: 2019 adjusted net income up 19%
(CercleFinance.com) - Thales has published 2019 adjusted net income, group share, that is up 19% at 1,405 million euros, with EBIT that is up 19% (+4% in organic terms) at 2,008 million euros, meaning a 0.
3-point improvement in its margin to 10.9%.
The electronics group for defense and transport posted sales growth of 16.1% (+0.8% in organic terms) at 18.4 billion euros, with an order intake that increased by 19 % (+4% in organic terms) to 19.1 billion euros.
Thales will pay a dividend of 2.65 euros per share for 2019, up 27%. For 2020, it expects a book-to-bill ratio in excess of one, revenues of between 19 billion and 19.5 billion euros and an EBIT margin of between 10.8% and 11%.
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