Dassault Aviation : The impact of the 6X deferral does not obscure the Rafale pipeline or the Falcon inflection
>A satisfactory H1 - We expect H1 2022 (results on 20 July) to be solid with an operating profit of € 210m (+20%) on sales of € 2.9bn, i.e. a margin of 7.3% (+166bp), driven by i/ the delivery of 12 Falcons vs 6 in H1 2021 combined with a mix effect with a majority of 8X, ii/ a fall in the - lower margin - broker business given the strong dynamism of the second-hand market, iii/ the delivery of 6 Rafale on export markets (vs 13) and the initial billing for Mirage retr...
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