Ryanair : Greater caution relating to Brexit
>Adjustment to the guidance largely anticipated by the market - Ryanair issued a profit warning on Friday (largely expected by the market), once again adjusting downwards its guidance for FY 2019 adjusted net profit to € 1-1.1bn vs € 1.11e1.2bn previously (consensus: € 1,074m). This adjustment mainly factors in in H2: i/ a further decline in pricing of 500bp to -7% reflecting an unfavourable capacity environment, more particularly in Germany; ii/ an increase in traffic...Ryanair Holdings is a holding company. Through its subsidiaries, Co. operates an ultra-low cost, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the U.K., Continental Europe, and Morocco. Co. offers over 2,000 scheduled short-haul flights per day serving approximately 210 airports throughout Europe, and flying approximately 1,600 routes. In addition, Co. provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food, and merchandise.
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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