Airbus Group N.V. 1Q 2015 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Airbus Group N.V. (AIR.FR) first-quarter results, based on a poll of eight analysts conducted by Dow Jones Newswires (figures in million euros, dividend and target price in euro, according to IFRS). Earnings figures are scheduled to be released April 30.

=== 
                                               EBIT      Net 
                              EBIT  before one-offs  attrib. 
1st Quarter         Revenue    (a)              (a)   income 
AVERAGE              12,397    935              646      592 
Prev. Year           12,648    719              700      439 
+/- in %               -2.0    +30             -7.8      +35 
 
MEDIAN               12,389    925              640      589 
Maximum              12,782  1,264              682      844 
Minimum              12,191    635              610      371 
Amount                    7      5                8        5 
 
Barclays             12,782     --              682       -- 
Credit Suisse            --  1,210              610      779 
Deutsche Bank        12,236  1,264              660      844 
J.P. Morgan          12,218     --              640       -- 
Kepler Cheuvreux     12,389     --              662       -- 
Morgan Stanley       12,191    640              640      371 
RBC Capital Markets  12,484    925              637      589 
UBS                  12,478    635              635      379 
 
 
              Target price  Rating                  DPS 2015 
AVERAGE              68.93  positive 6      AVERAGE     1.33 
Prev. Quarter        60.80  neutral  1      Prev. Year  1.20 
+/- in %               +13  negative 0      +/- in %     +11 
 
MEDIAN               70.00                  MEDIAN      1.37 
Maximum              76.00                  Maximum     1.40 
Minimum              63.00                  Minimum     1.20 
Amount                   7                  Amount         5 
 
Barclays             67.00  Overweight                  1.20 
Deutsche Bank        76.00  Buy                         1.40 
J.P. Morgan          71.50  Overweight                    -- 
Jefferies            70.00  Buy                           -- 
Kepler Cheuvreux     63.00  Buy                         1.37 
Morgan Stanley          --  Equalweight                   -- 
RBC Capital Markets  63.00  --                          1.38 
UBS                  72.00  Buy                         1.32 
=== 

Year-earlier figures are as reported by the company.

(a) Pre goodwill impairment and exceptionals.

DJG/voi 

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