The darkening trend which began in H1 17 is seen to be worsening with the Q3 results which lag consensus in terms of revenues, EBITA and the net result. The company suffers at the same time from both market weakness and execution challenges in the helicopter division, which impact the divisional operating margin. Despite resilient performances in the other divisions, the group has been forced to cut its new orders, revenues and particularly its EBITA FY guidance to reflects headwinds that are ....