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Emerging markets key to Thales growth

28th February 2017 - 16:35 GMT | by Grant Turnbull in Paris

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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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Grant Turnbull

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Grant Turnbull


Grant Turnbull was the editor of Land Warfare International and Digital Battlespace magazines with Shephard …

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