Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

Airbus Group : Preview T2 2020 – Le pic de consommation de cash est passé

>Un T2 pénalisé par la sous-absorption des coûts fixes… - Sur le T2 2020 (publication le 30 juillet), nous modélisons une perte opérationnelle sous-jacente de 221 M€ pour un CA en recul de 55% à 8.3 Md€. Dans le détail, Airbus Commercial devrait afficher un EBIT sous-jacent de -354 M€ pénalisé par i/ une chute des livraisons de 153 appareils par rapport au T2 2019 dont 10 A220, 107 A320, 11 A330, 22 A350 et 3 A380, ii/ un défaut d’absorption des coûts fixes que nous e...
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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