Report
Olfa Taamallah ...
  • Yan Derocles

Airbus Group : Poursuite des relèvements de BPA à venir et upside supplémentaire sur les retraits - OC relevé à 134 €

>Un solide T2 2021 en perspective… - La reprise des volumes conjuguée aux premiers effets des économies garantissent un solide T2 2021 (publication le 29 juillet). Nous tablons sur un EBIT Ajusté de 1 763 M€ pour un CA de 14.2 Md€, soit une marge de 12.4% (+158 pb vs T2 2019). Dans le détail, nous modélisons un EBIT de 1 445 M€ (vs -1 498 M€ au T2 2020 et +533 M€ au T1 2021) pour Airbus Commercial grâce i/ à un fort effet volume (71 A320, 5 A330, 11 A350 et 2 A380 sup...
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
Olfa Taamallah

Yan Derocles

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