(News Bulletin 247) – UBS confirms its advice to buy the stock with a target of 200 E after the publication of the 2022 results.
‘ Turnover increased by 7% thanks to defense activities, with the deliveries of Rafale (14) and Falcon (32) announced at the beginning of January. Adjusted EBIT was up 23%, likely driven by higher-margin upgrades in India and Qatar,” UBS said.
The 2022 IFRS consolidated net income is €716 million compared to €605 million in 2021. Thales’s contribution to the Group’s net income is €275 million compared to €266 million in 2021.
‘ The forecast for 2023 is to deliver 15 Rafale and 35 Falcon. Revenue will be down compared to 2022,” said Éric Trappier, Chairman and CEO of Dassault Aviation.
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