- Airbus has revised its fiscal year 2024 adjusted EBIT forecast down to €5.5 billion from the previous range of €6.5 billion to €7.0 billion.
- Analysts had estimated an adjusted EBIT of €6.79 billion.
- The company now expects adjusted free cash flow to be around €3.5 billion, down from the previous forecast of €4.0 billion.
- Analyst estimates for adjusted free cash flow were around €4.13 billion.
- Commercial aircraft deliveries are now forecasted to be about 770 planes in 2024, down from the previous expectation of 800 planes.
- Analysts had estimated deliveries to be around 804.37 planes.
- The company has cut its delivery guidance for the fiscal year, now seeing 770 deliveries versus the previous forecast of 800 planes.
- Airbus is facing charges of around €0.9 billion in its H1 2024 accounts, related to telecommunications, navigation, and observation space programs.
- The ramp-up of the A320 family production to 75 units per month has been pushed back by one year, now expected to be reached in 2027.
- Specific supply chain issues are mainly in engines, aerostructures, and cabin equipment.
- The company continues to ramp up towards a production rate of 75 A320 family aircraft per month.
- Airbus’ half-year results will be disclosed on 30 July 2024.
- Latest analyst ratings: 20 buys, 5 holds, and 1 sell.
“`
A look at Airbus Group SE Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Airbus Group SE appears to have a solid long-term outlook. The company scores high in Growth and Resilience, indicating strong potential for expansion and the ability to withstand challenges. With a Growth score of 5, Airbus Group SE is positioned well for future development and innovation within the aerospace industry. Additionally, a Resilience score of 4 suggests that the company has robust mechanisms in place to navigate economic fluctuations and external pressures.
While the Value and Dividend scores are moderate at 2, Airbus Group SE‘s overall momentum in the market is rated at 3. This indicates a steady trajectory in terms of market performance. With its diversified product range spanning from commercial aircraft to defense systems, Airbus Group SE is positioned as a key player in the aviation and military equipment sectors, potentially offering investors growth opportunities amidst market fluctuations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
