Airbus: stock doesn't take off after deliveries
(CercleFinance.com) - Airbus shares continued to decline on the Paris Bourse on Tuesday, amid recurring concerns about the company's annual delivery target.
In late morning trading, the aircraft manufacturer's share price was down 0.6%, bringing its losses over the last three months to almost 18%.
Last night, Airbus reported 67 aircraft deliveries for the month of June, a figure in line with expectations and higher than the 53 units delivered in May.
For the first six months of the year, the number of deliveries stands at 323, compared with 316 for the same period last year.
Despite this performance, analysts are still questioning whether Airbus will be able to meet its recently lowered target for 2024.
We'll need an acceleration in H2 for the group to reach its revised target of 770 units delivered, Deutsche Bank warns, nevertheless saying they believe in a catch-up effect by the end of the year.
Delivery figures are always closely watched by the market, as it is at this time that manufacturers collect the bulk of sales and profits on aircraft sold.
Analysts at RBC, who reiterate that they are no longer expecting 766 deliveries this year, also say they are expecting a solid third quarter, followed by a particularly successful Q4, in contrast to the usual trends that characterize the aircraft manufacturer's business.
Airbus, like its peers, is facing tensions in the supply chain, particularly for engines, aerostructures and cabin equipment, forcing it to adjust its production rate, despite robust demand.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
In late morning trading, the aircraft manufacturer's share price was down 0.6%, bringing its losses over the last three months to almost 18%.
Last night, Airbus reported 67 aircraft deliveries for the month of June, a figure in line with expectations and higher than the 53 units delivered in May.
For the first six months of the year, the number of deliveries stands at 323, compared with 316 for the same period last year.
Despite this performance, analysts are still questioning whether Airbus will be able to meet its recently lowered target for 2024.
We'll need an acceleration in H2 for the group to reach its revised target of 770 units delivered, Deutsche Bank warns, nevertheless saying they believe in a catch-up effect by the end of the year.
Delivery figures are always closely watched by the market, as it is at this time that manufacturers collect the bulk of sales and profits on aircraft sold.
Analysts at RBC, who reiterate that they are no longer expecting 766 deliveries this year, also say they are expecting a solid third quarter, followed by a particularly successful Q4, in contrast to the usual trends that characterize the aircraft manufacturer's business.
Airbus, like its peers, is facing tensions in the supply chain, particularly for engines, aerostructures and cabin equipment, forcing it to adjust its production rate, despite robust demand.
Copyright (c) 2024 CercleFinance.com. All rights reserved.