Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

BAE Systems : Des programmes mieux maitrisés mais une croissance encore insuffisante

>Un S1 solide et un FCF FY19 boosté par les prépaiements du Qatar - BAE Systems a publié un S1 2019 solide, 7% au-delà des attentes au niveau de l’Underlying EBITA, à 999 M£ en dépit d’une charge de restructuration de 25 M£ sur l’activité commerciale d’Applied Intelligence en lien avec la décision de céder SilverSky (acquis pour 235 M$) et l’activité Managed Security Services basée au RU. Cette performance a été tirée par Electronic Systems (F-35, APKWS) et par l’act...
Underlying
BAE Systems plc

BAE Systems is a defense, aerospace and security solutions provider. Co. supplies defense equipment, electronics and services, and cyber, intelligence and security solutions for governments and commercial markets. Co.'s offerings include the: manufacture of Typhoon assemblies for European partner nations and other export customers; design and manufacture of sub-assemblies in the U.K. and provision of equipment in the U.S.; development of future air system capabilities, including unmanned air systems; maintenance, support and training for Typhoon aircraft in service with the U.K. and Saudi Arabian air forces; and design, manufacture and support of defense and commercial avionics equipment.

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
Antoine Boivin-Champeaux

Yan Derocles

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