Accueil > Actualité
Actualite financiere : Actualite bourse

Airbus: Oddo confirms rating and target

( - Yesterday evening Airbus confirmed that it would make about 15,000 redundancies by the summer of 2021.

These layoffs finally represent 20% of its workforce at the Commercial Aircraft scope at the end of fiscal year 2019.

Oddo says that Airbus aims to reach an agreement with trade unions (voluntary departures, early retirements, a mechanism for long-term partial work, while not ruling out compulsory redundancies) and the implementation of this plan from this autumn.

Initially, analysts expect this restructuring to represent an extraordinary cost of 1.7 billion euros. They model a delivery rate of 40 A320/month in 2021, before increasing to 47 in 2022, 54 in 2023 and 60 in 2024.

Oddo confirms its buy raing on the share with a target price of 74 euros (vs. 63,2 euros, -0.5% in early trading on Tuesday). The broker says that the quality of Airbus' products and its positioning should enable it to emerge more quickly from this crisis.

Copyright (c) 2020 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.