Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

Airbus Group : Visibility on the programmes but clarification on the strategy needed

>A350 and helicopters behind the solid Q4 2018 performance - Stripping out the “eliminations” line, the difference in the performance vs Q4 2018 forecasts (adj. EBIT of € 3,096m vs € 2,360m for the consensus) was due to i/ the A350 programme, particularly, which was buoyed by an improvement in pricing, a more rapid-than-expected modelling of the learning curve and cost controls which enabled the group to achieve breakeven excluding R&D as of 2018, according to the CFO...
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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