Airbus: stock takes off 6% after strong earnings growth
(CercleFinance.com) - In pole position on the CAC 40 this morning, the Airbus share is up nearly 6%, after a sharp rise in annual results, which are better than expected, and the group's announcing that it is abandoning the production of the A380.
The European aircraft manufacturer ended 2018 with sales that are up 8% at 63.7 billion euros, while the number of commercial aircraft delivered increased by 11.4% to 800 units.
Reflecting the strong operational performance and smooth execution of programs across the company, consolidated adjusted operating income soared nearly 83% to 5.8 billion euros, while that of the main Airbus (civilian aircraft) division more than doubled to 4.8 billion euros.
Net income rose by 29% to 3.05 billion euros (3.94 euros per share). At its AGM, management will propose a 10% increase in the group's dividend to 1.65 euro per share.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The European aircraft manufacturer ended 2018 with sales that are up 8% at 63.7 billion euros, while the number of commercial aircraft delivered increased by 11.4% to 800 units.
Reflecting the strong operational performance and smooth execution of programs across the company, consolidated adjusted operating income soared nearly 83% to 5.8 billion euros, while that of the main Airbus (civilian aircraft) division more than doubled to 4.8 billion euros.
Net income rose by 29% to 3.05 billion euros (3.94 euros per share). At its AGM, management will propose a 10% increase in the group's dividend to 1.65 euro per share.
Copyright (c) 2019 CercleFinance.com. All rights reserved.