Airbus Group : Preview - Solid FCF generation
>A solid Q2 2022 - On 27 July, Airbus is due to publish Q2 results which we expect to be solid (see page 2). We forecast adjusted EBIT of € 1,579m for sales of € 13.7bn, i.e. a margin of 11.5% (-262bp). For Airbus Commercial, we have modelled EBIT of € 1,363m (-22.4%) dented by i/ the under absorption of fixed costs (c.€ 0.3bn) with 17 fewer deliveries including 7 A320ceo, 4 A320neo and 6 widebodies, ii/ a 5-cent deterioration in forex hedging to 1.24 (€ 0.14bn) and i...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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