Thales: what trend for 2023?

(Boursier.com) — Thales lost 0.8% to 113 euros on Friday, while the broker Oddo BHF lowered the target from 139 to 134 euros with a ‘neutral’ opinion. Jefferies had previously switched from buying to ‘holding’ on the aircraft group. JP Morgan had also already lowered its recommendation to “neutral”, against “overweight” at the end of 2022… After a year driven by the return of war in Europe, 2023 could be more discussed on the stock market in the armaments sector .

However, the group’s management anticipates organic growth in its turnover “at the top of the range” set last July, between 17.2 and 17.6 billion euros. “Despite a context marked by tensions in the supply chains and the geopolitical situation, the group is maintaining a sustained rate of growth in turnover, driven in particular by the dynamics of the digital identity and security activities (DIS , ex-Gemalto)”, said Patrice Caine, CEO of Thales.
At the end of 2022, the group had also explained that it was still facing several obstacles such as tensions in supply chains, the lack of staff, inflation and the fallout on its activities from the Russian invasion of China. Ukraine – estimated at 100 million euros…