Thales published today the update of its 2019 financial objectives following the integration of Gemalto, completed on 1st April 2019, and the disposal of its General Purpose Hardware Security Module (GP HSM) business, deconsolidated since 1 January 2019 and finalised on 7 June.
鈥淭he update of our 2019 financial objectives announced today is in line with our plan. The solid momentum in growth businesses, combined with strict cost control in the more mature businesses, should result in a significant underlying EBIT increase in the 鈥楧igital Identity and Security鈥 operating segment, which hosts Gemalto.
Detailed action plans will allow us to generate 鈧120m of run-rate cost synergies.
Throughout the Group, there is tremendous enthusiasm for what Gemalto brings to all our businesses. This acquisition represents a powerful accelerator of the strategy we have been implementing since 2015; by providing a unique range of digital technologies and skills, it strengthens the differentiation of our solutions and positions us as partner in the digital transformation of our customers. At the same time, it allows us to create a global leader in the digital security market, responding to the needs of the most demanding customers as they step up to the challenges of identifying people and objects and keeping data secure.鈥
鈥 2019 objectives for the 鈥淒igital Identity and Security鈥 (DIS) operating segment:
鈥 Organic [1] sales growth between 0% and 2%, in line with expectations
鈥 EBIT [2] between 鈧240 and 鈧260m, corresponding to an underlying margin of around 10%, comparable to the rest of the Group
鈥 鈧120m of run-rate cost synergies, at the top end of the initially announced range, after taking into account the disposal of Thales鈥檚 GP HSM business
鈥 Confirmed outlook for all other businesses
鈥 New 2019 Group objectives:
鈥 Order intake slightly above 鈧18bn
鈥 Organic sales growth between 3% and 4% (unchanged)
鈥 EBIT between 鈧1,980m and 鈧2,000m
We are pleased to invite you to participate in this conference call or webcast in English: Thursday, 13 June 2019 at 8:30 am (CET)
Dial-in the following number from :
| Location | Number |
| U.K and International | +44 (0) 2071 928000 |
| France | +33 (0)1 76 72 89 59 |
| + Passcode: To communicate to the operator |
7870889 |
It will also be possible to follow the conference call through a webcast by using the following link:
If you are unable to listen to the call live through the webcast, a replay will be available one hour after the end of the event, and will remain available for 12 months. To access the replay, please use the aforementioned link.
Notes
[1] 鈥淥rganic鈥 means 鈥渁t constant scope and currency鈥. See definition in the 2018 registration document, page 27.
[2] Non-GAAP financial indicator, see definition in the 2018 registration document, page 27.