Airbus: UBS still on hold

(CercleFinance.com) - The analyst confirms his Neutral rating on the stock, with an unchanged target price of E140.


We are pessimistic on delivery growth rates, but optimistic on margins and pricing, UBS says.

For 2024, Airbus is targeting delivery of 770 commercial aircraft, adjusted EBIT of around E5.5bn and FCF before customer financing of around E3.5bn.

Airbus made 50 deliveries to 29 customers in September 2024. Gross orders to September 2024 stood at 235. The group recorded 497 deliveries to 77 customers in 2024 to end-September.


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