BAE Systems : Increase in defence budgets still of little benefit to the group
>H1 clearly disappointed - With a decline of 8% in sales, 6% in EBIT and 9% in net profit, H1 could be described as poor, particularly as IFRS15 inflated the earnings of one of the divisions. The electronic systems division, almost exclusively US, continues to lead growth (9% in dollars) and margins (14.3%) and this trend will likely become more marked. But the other divisions disappointed in different ways: the cyber-security and intelligence division for which sales...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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