Report
Chris Higgins
EUR 101.80 For Business Accounts Only

Airbus Makes a Vertical Takeoff Into 2018

Airbus’ 2017 results crushed consensus for adjusted EBIT and free cash flow before mergers and acquisitions, coming at EUR 4.25 billion for adjusted EBIT (Morningstar EUR 4.17 billion) and EUR 2.8 billion for free cash flow (Morningstar EUR 1.3 billion). Adjusted EPS stood at EUR 3.67 for 2017. The A400M is still a thorn in management’s side--the company took a EUR 1.3 billion charge this quarter--but Airbus recently struck an agreement with its government customers, prompting management to stat...
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Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

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Analysts
Chris Higgins

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