Thales strengthens its resilience to the Covid-19 crisis

2020/04/1586246161.jpg
Read: 3381     11:55     07 April 2020    

The global environment in the first half of 2020 is under pressure from the Covid-19 health crisis, but Thales is taking measures to mitigate the effects on its business. Thales operates in several markets, and predicts the greatest impact will be felt in its civil aeronautics businesses, which generated sales of approximately €2.15 billion in 2019, according to foreign media.


“Today we are announcing a series of exceptional measures to deal with the scale of the Covid-19 crisis. Our direct exposure to the most affected markets is limited. Our civil aeronautics businesses represent only around 12% of the Group’s turnover,” explained Patrice Caine, chairman and CEO of Thales.

“Like all industrial companies, this crisis is currently seriously disrupting production chains and project execution. This is why we are implementing a global adaptation plan in order to limit the impacts of this crisis and strengthen our resilience.

“The remarkable mobilisation of our teams, combined with our unique positioning, built on a portfolio of key technologies in critical domains, a diversified customer base and a strengthened balance sheet, will be structural assets to mitigate the effects of this unprecedented crisis,” Caine added.

Thales is implementing a global adaptation plan with three main aims: maintaining its production capacities to service customers; limiting the financial impact of this crisis; and strengthening its funding capacity in the event that the crisis persists or worsens.



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News Line

Thales strengthens its resilience to the Covid-19 crisis

2020/04/1586246161.jpg
Read: 3382     11:55     07 April 2020    

The global environment in the first half of 2020 is under pressure from the Covid-19 health crisis, but Thales is taking measures to mitigate the effects on its business. Thales operates in several markets, and predicts the greatest impact will be felt in its civil aeronautics businesses, which generated sales of approximately €2.15 billion in 2019, according to foreign media.


“Today we are announcing a series of exceptional measures to deal with the scale of the Covid-19 crisis. Our direct exposure to the most affected markets is limited. Our civil aeronautics businesses represent only around 12% of the Group’s turnover,” explained Patrice Caine, chairman and CEO of Thales.

“Like all industrial companies, this crisis is currently seriously disrupting production chains and project execution. This is why we are implementing a global adaptation plan in order to limit the impacts of this crisis and strengthen our resilience.

“The remarkable mobilisation of our teams, combined with our unique positioning, built on a portfolio of key technologies in critical domains, a diversified customer base and a strengthened balance sheet, will be structural assets to mitigate the effects of this unprecedented crisis,” Caine added.

Thales is implementing a global adaptation plan with three main aims: maintaining its production capacities to service customers; limiting the financial impact of this crisis; and strengthening its funding capacity in the event that the crisis persists or worsens.



Tags: