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AIR - Airbus SE News Story

€111.3 -1.3  -1.2%

Last Trade - 4:35pm

Sector
Industrials
Size
Large Cap
Market Cap £75.74bn
Enterprise Value £78.02bn
Revenue £42.58bn
Position in Universe 14th / 839

BUZZ-FACC: Recovery gains traction, Berenberg ups

Fri 7th May, 2021 9:56am
** Berenberg ups FACC  FACC.VI  to "hold" from "sell",
saying cost savings have made the Austrian plane parts maker
well-positioned to benefit from recovery in the aviation sector
    ** FACC may also gain from its exposure to Airbus A320neo,
which should lead market recovery thanks to its strong order
backlog and focus on short-haul domestic routes, Berenberg says
    ** The expected multi-year ramp-up in the model's production
from Q3 2021 should continue through 2025, the broker says
    ** While FACC's leverage limits its ability to gain market
share from other struggling suppliers, its share price already
reflects this with a 5% discount to the sector, Berenberg adds
    ** Out of seven analysts that cover FACC AG, one rates it
"buy", four "hold" and two "sell" or "strong sell"



 ((Dennis.duldhardt@thomsonreuters.com))
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