Airbus Group : No surprises in Q3 2024 publication but still no inflection in volumes in mid-October
>A decent Q3 2024 in the end - For Q3, we forecast adjusted EBIT of € 1,179m for sales of € 15.4bn (respectively, € 1,214m and € 12.3bn for the consensus), i.e. a margin of 7.7% (+87bp). Airbus Commercial should deliver adjusted EBIT of € 916m, a slight decline of 4.6% (operating margin of 8%), despite i/ a 2-cent deterioration in USD hedging to 1.20, ii/ over-staffing, even though the group says that new hirings slowed in Q3 (as a reminder, in H1 headcount was up by ...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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