Activities related to civil aeronautics, weighed down by the health crisis, have plunged Thales's net profit by more than half in 2020, the French group announced Thursday, which defense markets have helped to resist.
Read also: Thales opens the site for the digitization of German rail
The technology and defense group saw its net profit plunge 57% to 483 million euros, but managed to generate an operating margin "
quite correct
" of 8%, according to its CEO Patrice Caine, driven by military and security activities.
