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Thales is stepping up to be at the forefront of the quantum revolution

2021-03-04T06:19:33.809Z

INFO LE FIGARO - The defense group, which has withstood the Covid-19 crisis well, is ready for targeted acquisitions in order to be among the first to master these technologies which will prevail over the next five years.



At the end of a year turned upside down by the Covid-19 crisis, "

Thales has demonstrated its resilience both in human and economic terms,

 " says Patrice Caine, CEO of the defense and high technology group, in a interview at

Le Figaro

.

The 2020 results published this Thursday morning bear witness to this.

Thales blamed the crisis but limited its impact while retaining its critical skills.

Its turnover fell "only" by 10%, to 16.9 billion euros, and its profitability, although deteriorated, reached a correct level, at 8% of sales, against 10.9% in 2019. The group remained in the green with a net profit of 937 million, down 33%.

"

We are clearly above market expectations in terms of cash generation at more than one billion euros, while our order intake, maintained at a high level (18.5 billion euros), testify the confidence of our customers and give visibility to our activity and our employees

 ”,

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Source: lefigaro

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