Emerging markets key to Thales growth
French aerospace and defence group Thales has posted an increase in sales for 2016, with emerging markets being at the centre of 'strong growth' for the company.
Emerging markets – which include Asia and the Middle East – now account for €4.5 billion in sales for Thales, representing a 13.3% increase from 2015.
'It means that the proportion of business activity [from emerging markets] has also grown,' said Patrice Caine, Thales Group CEO and Chairman. According to Thales, these countries now account for 30% of all sales, compared with 28% in 2015.
Total sales worldwide for 2016 was €14.9 billion,
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