Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

Airbus Group : 2020, a year of preparation for the linearisation of FCF

>Targets met in 2019 - We have lifted our 2019 adjusted EBIT estimate by 1.4% to € 7,025m, of which € 2,892m for Q4 alone (-6.6% vs Q4 2018) integrating i/ the stability at Airbus Com at € 2,469m as the additional costs linked to the ramp-up of the production of the A321ACF, the preparation for a more linear production profile and the increase in R&D (+€ 170m est.) offset the volume/mix effect on the A320/A330 and the improvement in the A350 programme; ii/ an 18% de...
Underlying
Airbus SE

Airbus is an European Aeronautic Defense and Space company whose core business is the manufacturing of commercial aircraft, civil and military helicopters, commercial space launch vehicles, missiles, military aircraft, satellites and defense systems and defense electronics and the rendering of services related to these activities. Co. organizes its businesses into the following five operating divisions: Airbus Commercial, Airbus Military, Eurocopter, Cassidian and Astrium. In addition, Co.'s Other Businesses division engages in the development, manufacturing, marketing and sale of regional turboprop aircraft and aircraft components.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Antoine Boivin-Champeaux

Yan Derocles

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