BAE Systems: stock down after annual results

(CercleFinance.com) - BAE Systems shares are down 2% in London, after the defense group reported underlying EPS up 10% to 68.
5 pence and underlying EBIT up 14% to £3.01bn for 2024, slightly missing expectations according to Oddo BHF.

Sales rose by 14% to over £28.3bn, while the order book increased by 11% to £77.8bn, including £3bn of orders linked to the acquisition of Ball Aerospace (Space & Mission Systems).

The Board of Directors recommends a final dividend of 20.6 pence, bringing the total dividend for 2024 to 33 pence, an increase of 10% on last year. Subject to approval by the AGM, it will be paid in early June.

For 2025, BAE Systems forecasts growth adjusted EPS and EBIT of 8% to 10%, as well as sales growth of 7% to 9%, with FCF of over £1.1bn (compared with £2.5bn in 2024).


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