Airbus Group : FY 2023 preview – Preparing the future takes a toll in Q4 but FCF soars
>The acceleration in hiring takes a toll in Q4 2023… - For FY 2023, we lowered our estimate for adjusted EBIT (-3.8%) mainly to reflect a bigger impact than initially expected from the acceleration in hiring aimed at ensuring the future ramp-up of production rates in the civil aviation activity. We model adjusted EBIT of € 5,943m (vs guidance of € 6bn) on revenue of € 64.2bn, i.e. a margin of 9.3%(-32bp). In Q4 2023, adjusted EBIT should come to € 2,312m (+7.7%) with ...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.
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