Report
Olfa Taamallah ...
  • Yan Derocles

Airbus Group : Preview – Solide génération de FCF

>Un T2 2022 solide - Airbus publiera le 27 juillet un T2 que nous anticipons solide (cf. p2). Au niveau de l’EBIT Ajusté, nous tablons sur 1 579 M€ pour un CA de 13.7 Md€, soit une marge de 11.5% (-262 pb). Du côté Airbus Commercial, nous modélisons un EBIT de 1 363 M€ (-22.4%) pénalisé par i/ une sous-absorption des coûts fixes (c0.3 Md€) avec 17 livraisons de moins dont 7 A320ceo, 4 A320neo et 6 long-courriers, ii/ une dégradation de la couverture change de 5 cents...
Underlying
Airbus SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Olfa Taamallah

Yan Derocles

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