Airbus Group : Q2 2024 preview – possibly the first details on the strategy for space?
>Space and weakness in volumes penalise Q2 - Following the video message released by the company yesterday evening, we have only marginally changed our quarterly estimates. We forecast adjusted EBIT of € 748m (-59% and VA consensus at € 792m) for sales of € 15.5bn (-2.9%), i.e. a margin of only 4.8%. Aside from the charge of € 0.9bn already announced for space and the non-recurrence of a provision release regarding compliance for € 0.1bn, we note: i/ adjusted EBIT of...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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