Airbus Group : A sluggish start to the year but signs of an improvement are emerging
>Q1 adjusted EBIT 5%, above expectations and driven by helicopters - At € 773m (ODDO BHF: € 716m, consensus: € 763m), adjusted EBIT for Q1 2023 came out 5% above estimates, a 39% decline (-27%e excluding one-offs) vs Q1 2022, giving sales of € 11.8bn. In detail, although Airbus Commercial was penalised by a decline in volumes (-13 deliveries vs Q1 2022) and a ramp-up in R&D (+€ 92m), the dollar effect is slightly weaker than expected (1 cent vs 3 expected), which exp...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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