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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>Airbus has maintained guidance for FY17, although the recurring issues on the A380, A400M, A350 and A320neo programmes remain a focus of discussion. A stronger second half implied by the guidance should allay some of the concerns, and provide trading momentum into next year. Cash flow appears to be broadly on track which, combined with a resumption of EPS growth in FY18, remains the main support for the investment case.</p>

Airbus has maintained guidance for FY17, although the recurring issues on the A380, A400M, A350 and A320neo programmes remain a focus of discussion. A stronger second half implied by the guidance should allay some of the concerns, and provide trading momentum into next year. Cash flow appears to be broadly on track which, combined with a resumption of EPS growth in FY18, remains the main support for the investment case.

Airbus Group SE

Reducing turbulence as year progresses