Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

Airbus Group : Q2 FCF better than expected and halt to cash burn expected in H2

>Lower than expected Q2 2020 but cash burn significantly reduced - Airbus has reported Q2 2020 earnings slightly below our estimates with an underlying operating loss of €1.226bn (ODDO BHF: -€ 1.271bn, Cons: -€1.027bn) for sales down 55% to €8.3bn. As expected, the figure includes the booking of €0.9bn in exceptional items, with no impact on cash, including depreciation of programmes and assets following the halt to the programme to re-internalise engine nacelles ...
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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