Airbus Group : Q2 2023 preview – Robust FCF generation and greater confidence in the delivery target
>Robust Q2 driven by the acceleration in volumes - We expect robust Q2 results (publication 26 July) with adjusted EBIT up 28% vs Q2 2022 driven mainly by Airbus Commercial. In this segment, we expect adjusted EBIT of € 1,569m (+29.6%) on sales of € 12.4bn, i.e. a margin of 12.7% (-80bp or -72bp excluding R&D and provision writebacks), driven by a strong volume effect with the delivery of an additional 34 aircraft compared with Q2 2022 including 29 A320s; ii/ a 5-cent...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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