(Boursier.com) — Airbus fell 0.9% to 147.50 euros, while the group reported this week an increase in its financial results in 2023 and record orders accompanied by increased deliveries. The European aircraft manufacturer specified that its adjusted operating profit (Ebit) had increased by 4% to 5.8 billion euros and that its turnover had increased by 11% to 65.4 billion euros. The group plans in 2024 to increase its Ebit between 6.5 and 7 billion euros and to deliver around 800 commercial aircraft, an objective in line with expectations despite a further postponement of the entry into service of its single-aisle A321XLR, postponed from the second in the third trimester…
Airbus is proposing a stable dividend of 1.80 euros per share for 2023, to which is added an exceptional dividend of 1 euro per share, its net cash having crossed the threshold of 10 billion euros previously set as the potential trigger for a return to shareholders.
The total expenses recorded in the aerospace division last year now stand at 600 million euros. This activity faces competition from American launchers and the emergence of a new generation of low-cost satellites. Among the latest broker opinions, Société Générale remains a buy on Airbus with an adjusted target of 155 to 178 euros.
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