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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Airbus SE    AIR   NL0000235190

AIRBUS SE

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Aerospace leaders say collaboration, government support help mitigate pandemic

07/20/2020 | 05:22am EST
FILE PHOTO: Airbus's annual press conference on Full-Year 2019 results in Blagnac

Deeper industry collaboration and government support will help Europe's aerospace companies ride out the coronavirus pandemic, sector leaders said on Monday, as they juggle lower revenues with the need to invest in cleaner air travel for the future.

Europe's biggest aerospace and defence companies Airbus, BAE Systems and Leonardo had expected to spend this week showcasing aircraft and entertaining clients at the biennial Farnborough Airshow in southern England.

But with the event cancelled, chief executives instead joined a webcast as part of "Virtual Farnborough" to discuss coping strategies for the gravest crisis in commercial aviation history.

"I think the challenge is to keep investing in spite of the crisis that is taking away a lot of our investment capacity," Airbus CEO Guillaume Faury said.

Faury said co-operation between governments, bigger companies and smaller suppliers was better than he had seen for years, and that was helping processes become faster and cheaper.

Britain's aerospace industry, which employs 375,000, is not only facing the COVID-19 crisis, but also the threat of a disorderly exit from the European Union when a transition period ends this year.

Tony Wood, CEO of UK-based Meggitt which supplies parts to aircraft manufacturers, called on the UK government to do more to accelerate programmes such as Tempest, a UK plan to build a new fighter jet, and investment in a zero-emissions flight to help boost the industry.

"We're in close dialogue with the government. We'll be talking to them further this week, and hoping to try and accelerate and conclude some of those agreements," Wood said.

Faury said he continued to see the relationship between Airbus and Britain, where Airbus produces wings, as a "successful partnership".

On the possibility of a disorderly Brexit, he said: "We don't like it, but it's one problem among others that we have to solve."

Britain's business minister Alok Sharma said on Monday that the government would provide grants totalling 200 million pounds ($252 million) to support technology to make flying more efficient.

(Reporting by Sarah Young; Editing by Mark Potter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 1.90% 89.4 Real-time Quote.-31.48%
BAE SYSTEMS PLC 1.03% 509.2 Delayed Quote.-9.84%
EURO / BRITISH POUND (EUR/GBP) 0.02% 0.89946 Delayed Quote.5.86%
LEONARDO S.P.A. 0.36% 6.086 Delayed Quote.-41.76%
MEGGITT PLC 8.35% 424.1 Delayed Quote.-36.21%
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Financials
Sales 2020 45 777 M 55 238 M 55 238 M
Net income 2020 -1 752 M -2 115 M -2 115 M
Net cash 2020 1 715 M 2 070 M 2 070 M
P/E ratio 2020 -40,9x
Yield 2020 0,03%
Capitalization 70 057 M 84 446 M 84 535 M
EV / Sales 2020 1,49x
EV / Sales 2021 1,30x
Nbr of Employees 134 071
Free-Float 74,1%
Chart AIRBUS SE
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Airbus SE Technical Analysis Chart | AIR | NL0000235190 | MarketScreener
Technical analysis trends AIRBUS SE
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 95,05 €
Last Close Price 89,40 €
Spread / Highest target 63,3%
Spread / Average Target 6,32%
Spread / Lowest Target -34,9%
EPS Revisions
Managers
NameTitle
Guillaume Faury Chief Executive Officer
René Richard Obermann Chairman
Michael Schöllhorn Chief Operating Officer
Dominik Asam Chief Financial Officer
Luc Hennekens Chief Information Officer
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