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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