Airbus 2024 Guidance As Per June Update; Sees Around 770 Commercial Aircraft Deliveries; EBIT Adjusted Of Around €5.5 Billion; Free Cash Flow Before Customer Financing Of Around €3.5 Billion; Q2 Revenues €5,995 Billion Vs €15.82 Billion Est.; Q2 EBIT Adjusted €814 Million Vs €699 Million Est.; On Widebody Aircraft, Company Continues To Target A Monthly Production Rate Of 4 A330s In 2024 And Rate 12 For A350 In 2028
Portfolio Pulse from Benzinga Newsdesk
Airbus has updated its 2024 guidance, projecting around 770 commercial aircraft deliveries, an adjusted EBIT of approximately €5.5 billion, and free cash flow before customer financing of around €3.5 billion. For Q2, Airbus reported revenues of €5,995 billion, missing the estimate of €15.82 billion, but its adjusted EBIT of €814 million exceeded the estimate of €699 million. The company aims to maintain a monthly production rate of 4 A330s in 2024 and increase the rate for A350s to 12 by 2028.
July 30, 2024 | 3:50 pm
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POSITIVE IMPACT
Airbus has updated its 2024 guidance with positive projections for aircraft deliveries, EBIT, and free cash flow. Despite missing Q2 revenue estimates, the company exceeded EBIT expectations. Production targets for A330 and A350 are set.
The updated guidance and positive EBIT outlook are likely to boost investor confidence in Airbus. The miss on Q2 revenues is a concern but is offset by the EBIT beat. Production targets indicate strong future demand.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Boeing may face increased competition from Airbus as the latter updates its 2024 guidance with strong projections for aircraft deliveries and EBIT. Airbus's production targets for A330 and A350 could impact Boeing's market share.
Airbus's positive outlook and production targets may pressure Boeing's market share and investor sentiment. Increased competition could impact Boeing's short-term stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50