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Thales SA (EPA:HO) updates 2019 outlook following the integration of Gemalto

  • Thales SA (EPA:HO) announced several updates today for its 2019 outlook, following the successful integration of Gemalto, a digital security company.
  • The French aerospace and defence company revealed that the integration would affect its gross earnings by approximately €60 million ($67.8 million) in 2019.

The company reported that Gemalto is now part of its digital identity and security division, referred to as DIS.

Thales also revealed that it expects DIS to generate some minimal growth in organic sales of between 0-2 per cent, while the integration would cost it €30 million – 40 million in 2020.

The French firm also expects its 2019 orders to exceed €18 billion with group earnings ranging from €1.98 – €2 billion.