Report
Olfa Taamallah ...
  • Yan Derocles

BAE Systems : Fine momentum and support from the share buyback programme

>After a solid H1... - BAE Systems reported H1 results that were solid in every respect. At £ 1,028m (+27% l-f-l), adjusted EBIT came in 4% above consensus forecasts with a margin of 10.2% (+164bp vs H1 2020 which was strongly disrupted by COVID). Electronic systems (integration of the acquisitions despite the persistent crisis in the civil activities and operating leverage with the acceleration in production of the F-35) and applied intelligence (work on the cost bas...
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
Olfa Taamallah

Yan Derocles

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