BAE reported results roughly in line with expectations, with a slight profitability expansion. However, due to the ramp-up of a low margin programme, this performance might not be repeatable in H2. The company has maintained its FY19 guidance despite the current German ban on sales to Saudi Arabia.
01 Aug 2019
No big surprises
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No big surprises
BAE Systems plc (BA:LON) | 1,365 320.8 1.8% | Mkt Cap: 41,307m
- Published:
01 Aug 2019 -
Author:
Hugo Paternoster -
Pages:
3
BAE reported results roughly in line with expectations, with a slight profitability expansion. However, due to the ramp-up of a low margin programme, this performance might not be repeatable in H2. The company has maintained its FY19 guidance despite the current German ban on sales to Saudi Arabia.