Airbus Group : FY 2020 earnings preview - marked recovery in FCF in Q4
>More robust year-end at D&S and one-offs boost Q4 - For Q4 2020, we forecast adjusted EBIT of € 1.892bn (€ 1.767bn for the year) for revenues of € 19.6bn, having raised our full-year forecasts by 15% to take account of: i/ a brisker year-end than expected for D&S and helicopters both in terms of volumes and mix (more deliveries of H225, Eurofighter), with a combined EBIT of € 619m vs € 427m in Q4 2019, and ii/ around € 200m in positive one-offs at Airbus Com (discont...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.
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.
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