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French group Thales targets more sales and profit growth for 2018-2021

“The logo of French defence and electronics group Thales is seen at the company’s headquarters in Neuilly Thomson Reuters PARIS (Reuters) – French defense electronics group Thales set out targets for further sales and profit growth over the 2018-2021 period, and added it would increase spending on research as part of its plans to boost earnings and improve its business” reports Its targets, outlined at a capital markets day for investors, entailed average organic sales growth of 3-5 percent over 2018-2021.Thales added its takeover of digital security group Gemalto would also boost its earnings and dividend growth.Thales also targeted an EBIT (earnings before interest and tax) margin of 11-11.5 percent by 2021, up from its current margin targets of 9.5-10 percent.

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