Dassault Aviation : 6.2% miss at EBIT level and cautious FY 2024 guidance… as expected
>6.2% miss at EBIT level but 6.7% beat at net level mainly driven by Thales’ contribution - FY 2023 adjusted operating profit came out 6.2% below street expectations at € 349m (ODDO BHF: € 368m, Css VA: € 372m) for sales of € 4,801m, down 30.7% y-o-y, showing a margin of 7.3% (-99bp) due to amortisation of fixed costs and a € 40m increase in profit-sharing and incentives and despite R&D spending slightly lower than our expectation (€ 483m vs € 500m). Deliveries detail...
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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