Airbus Group : 2023 base consolidated and faster-than-expected acceleration in production of long-haul aircraft – target price upped to € 145
>Relief for FY 2023 - While the 2023 targets are admittedly below consensus forecasts, they are in our view higher than what most investors feared. The relief is also visible as regards the consequences of inflation, which in the end are relatively limited with an impact amounting to a few hundred million euros according to the management (ODDO BHF: € 360m est.). FCF at € 3bn may in particular appear cautious but the mere fact of giving guidance in the current environ...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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