BAE has issued a pre-close trading update ahead of the H1 publication in July, highlighting a positive and reassuring operational performance across all sectors despite the pandemic. Overall, the impact is mainly on the profitability side, while both top-line and cash generation have turned more resilient. Productivity accelerated through June, near normal, boding well for the expected rebound in the second half of the year.
25 Jun 2020
Limited downside in H1, while productivity should drive FCF up in H2
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Limited downside in H1, while productivity should drive FCF up in H2
BAE Systems plc (BA:LON) | 1,295 116.6 0.7% | Mkt Cap: 39,187m
- Published:
25 Jun 2020 -
Author:
Hugo Paternoster -
Pages:
2
BAE has issued a pre-close trading update ahead of the H1 publication in July, highlighting a positive and reassuring operational performance across all sectors despite the pandemic. Overall, the impact is mainly on the profitability side, while both top-line and cash generation have turned more resilient. Productivity accelerated through June, near normal, boding well for the expected rebound in the second half of the year.