0910 GMT - Airbus's midterm guidance is in line with estimates, Jefferies analysts write in a research note. The European plane maker is projecting adjusted EBIT of more than 1 billion euros and a return on sales margin above 11% for its helicopters business in 2028. Airbus also expects adjusted EBIT of more than 1 billion euros and a mid-to-high single digit return on sales margin for its defense and space business in 2028. Airbus reiterated its prior cash conversion target of around 1 over five years, the analysts note. That target shows how effectively the company turns net income into cash. Airbus shares trade 3.2% higher at 165.86 euros. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
June 18, 2025 05:10 ET (09:10 GMT)
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