We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Airbus SE (PK) | USOTC:EADSY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.49 | 1.19% | 41.59 | 41.52 | 41.86 | 41.72 | 41.3901 | 41.72 | 115,219 | 21:22:28 |
By Maitane Sardon
Shares in Airbus SA rose Thursday after the company posted first-quarter earnings above market expectations and said it would boost future production rates for its A320.
The European plane maker reported adjusted earnings before interest and taxes--a key profitability metric--of 1.26 billion euros ($1.34 billion) for the quarter, up from EUR694 million a year earlier. The figure beat analysts' forecasts of EUR719 million. Net profit jumped to EUR1.22 billion, beating analysts' views of EUR460 million.
At 0756 GMT shares traded 7.9% higher at EUR110.72.
The company also said it would boost global production of the A320 family of narrow-body jets to 75 a month starting in 2025, up from around 50 currently. The company had previously said it was planning to increase production to 65 a month by the summer of next year.
The planned production boost was the most meaningful takeaway from the company's first-quarter results as the market was doubtful, and that this was being reflected in the share price, Citi analyst Charles J. Armitage said in a research note. "There still is doubt, but we feel this is now definitely an execution issue, that Airbus and supply-chain now need to execute on, rather than an ethereal hope, giving upward pressure on long-term valuation," Mr. Armitage said.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
May 05, 2022 04:39 ET (08:39 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Airbus (PK) Chart |
1 Month Airbus (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions