Thales Group 2020 Annual Results

Watch the video below for a quick overview of the Thales Group's 2020 results explained in 3 minutes, with our CEO Patrice Caine.

Caine stated: “Logically, the 2020 full-year results were heavily impacted by the Covid-19 crisis. The efforts of our teams all over the world have demonstrated the Group’s human and economic resilience as well as its agility. We are therefore exceeding by far the objectives of our global adaptation plan. In this unprecedented context of a global pandemic, I would like to reiterate my gratitude to all Thales teams for their exemplary commitment and to our customers and partners for their trust.

The second half of 2020 showed a strong recovery in terms of both order intake and profitability. The EBIT margin before restructuring costs returned to the H2 2019 level. Furthermore, 2020 cash generation was once again very strong. It illustrates both the robustness of our civil-defense business model and our teams’ focus on operational performance.

Our digital strategy, bolstered by our position as a leader in cybersecurity, is bearing fruit across all of the Group’s businesses, with great commercial successes in space, defence, rail signalling and data protection.

In a still uncertain economic and health environment, our unique position combining a world-class technological portfolio and comprehensive expertise in our 5 major markets will enable us to swiftly regain our profitable growth momentum.”

Click here for the full report.