French group Thales raises profit targets after Gemalto takeover
French defence electronics group Thales raised its profitability target for 2019 as it factored in the contribution of the recently-acquired Gemalto business.
Thales now expects earnings before interest and tax (EBIT) between 1.98 billion euros ($2.24 billion) and 2 billion euros in 2019, up from a previous target of 1.78-1.8 billion euros, the company said in an update posted on its website.
Thales, in which the French state has a stake of 25.7% while Dassault Aviation has a 24.7% stake, has consolidated Gemalto’s activities from April 1 onwards.
Thales’ 4.8 billion euros acquisition of chipmaker Gemalto is intended to boost the French company’s presence in the booming security and cybersecurity services market.
The takeover will also lift Thales’ order intake to an expected 18 billion euros up from a previous 16 billion euros target, the company added.
The merger with Gemalto will also allow the group to make 120 million euros in cost synergies, even after it was forced by antitrust regulators to sell Gemalto’s banking transaction protection business.
source reuters

Latest Jobs
-
- Threat and Vulnerability Analyst / Penetration Tester. London
- London
- 55000
-
Threat and Vulnerability Analyst / Penetration tester needed. Threat and Vulnerability Analyst needed. Immediate opportunity. Must be able to commute to London min 2 days a week. The individual will join a highly technical team that is responsible for identifying vulnerabilities and threat in various applications / coding with a view of driving remediation and change. This is a critical role. The ability to achieve SC clearance is a must. A deeply technical Linux Redhat background with, penetration testing / code review / threat detection background is essential. Looking to hire immediately. Apply today for more information.
-
- Security Auditor / 3rd Party Assurance. London. End user
- London
- 60000
-
Security Auditor / 3rd Party Assurance. London. End user The Security Auditor / 3rd Party Assurance role has two key functions. Manage the ongoing assessment of new and existing 3rd party suppliers to ensure they meet the internal policies / controls. (Reassessment etc) Internal Auditing across business to ensure various departemnt / operations are compliant and inline with internal ISMS etc. ISO 27001 internal audit experience, creation of audit reports experinece essential. This is an internal business so broad experience across a multiple technology environment (cloud and on prem) is highly desirable. MUST be able to engage and work with senior stakeholders in an often faced pace environment. ISO27001, NIST, CISSP, CISA Risk assessment experinece needed This is a permanent role.. Blend of technical and consultative approach needed. This role will require someone to travel to London a few days a week once lock down permits and their offices fully reopen. All details kept in confidence. Apply today to find out more.
-
- Security Auditor / 3rd Party Assurance. London. End user
- London
- 60000
-
Security Auditor / 3rd Party Assurance. London. End user The Security Auditor / 3rd Party Assurance role has two key functions. Manage the ongoing assessment of new and existing 3rd party suppliers to ensure they meet the internal policies / controls. (Reassessment etc) Internal Auditing across business to ensure various departemnt / operations are compliant and inline with internal ISMS etc. ISO 27001 internal audit experience, creation of audit reports experinece essential. This is an internal business so broad experience across a multiple technology environment (cloud and on prem) is highly desirable. MUST be able to engage and work with senior stakeholders in an often faced pace environment. ISO27001, NIST, CISSP, CISA Risk assessment experinece needed This is a permanent role.. Blend of technical and consultative approach needed. This role will require someone to travel to London a few days a week once lock down permits and their offices fully reopen. All details kept in confidence. Apply today to find out more.
-
- Head of Penetration Testing, UK based, Flexible location.
- United Kingdom
- Upto £100,000 plus excellent benefits
-
Head of Penetration Testing needed to join a security consultancy that are delivering client facing penetration testing services around Web app and Infrastructure. Looking for someone hands on that is able to manage a highly skilled technical team of testers. 50-60% of the time is expected to be hands on, other duties will include, but not be limited to; leading and managing the day to day running of the team, mentoring, team upskill, recruitment, reporting, escalation, process improvement etc. Flexible location although south east is preferred. Anyone with Check / CREST experience is highly desirable. MUST be able to achieve SC clearance. UK based role. All details kept in confidence.