Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

BAE Systems : FY 2020 guidance in line with results above expectations

>Sales 5% above consensus, an overall good performance - BAE Systems has just reported H1 2020 results ahead of both our expectations and those of the consensus. Adjusted EBITA totalled £ 895m (ODDO BHF: £ 814m), down by 11% compared to last year, for sales of £ 9.87bn (ODDO BHF: £ 9,406m, consensus: £9,394m) relatively better than expected. Underlying net result came in at £ 559m, 4% above our forecast and spot on for the consensus (ODDO BHF: £ 538m, consensus: £ 555...
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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