Airbus Group : Q3 2023 preview– FCF burn in Q3 to ensure FY 2023 delivery target is achieved
>Set for unsurprising Q3 2023 at the P&L level - For Airbus’ Q3 2023 results due on 8 November, we model adjusted EBIT of € 1.238bn (+48% y-o-y) on sales of € 14.9bn, or a margin of 8.3% (+201bp). This marked increase can be attributed solely to Airbus Commercial with adjusted EBIT that we forecast at € 1.012bn (+69% y-o-y) which will lift the pre-R&D margin to 14.9% (+175bp) thanks to i/ a significant volume effect with the delivery of 32 aircraft more than in Q3 2...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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