BAE Systems : Fine visibility already well reflected in the valuation
>The consolidation of Ball Aerospace offsets slightly cautious organic guidance… - We expect underlying EBIT to grow 15% in FY 2024 to £ 3,084m (margin of 10.9%, +30bp) thanks to the consolidation of Ball Aerospace and including organic growth of around 9% vs a company target of between 5% and 7%. We are notably more optimistic for the Air and Electronic Systems divisions. However, the increase in the tax rate to 21% partly offsets this growth, resulting in EPS growth...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.
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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