BERLIN (Reuters) - Airbus sought to play down a warning on 2016 profit on Thursday, saying the group would grow earnings beyond that and that divestments would allow it to pay dividends even if investments in new planes hurt cashflow.
AIRBUS (EAD.PA)shares plunged 10 percent on Wednesday after the group forecast flat earnings in 2016.
"For 2016, it's not a guidance. We're at end of 2014, there's a lot of parameters, we are giving you a trend," chief financial officer Harald Wilhelm told investors at an event in London on Thursday.
"The point is that there is a very clear evolution of programs and businesses and that shows growing EBIT and cash generation over the horizon to come," he said.
He added that divestments as part of a portfolio shake-up would help net income and therefore the dividend.
(Reporting by Victoria Bryan; Editing by Kirsti Knolle)
Relacionados
- Economía/Motor.- Javier Quesada de Luis, nuevo director comercial de Teknia Group
- CNMV.-AIRBUS GROUP, N.V. Otros sobre negocio y situación financiera
- -- Los resultados de fase III de German Breast Group (GBG) demuestran una actividad superior en el cáncer de mama de fase temprana de alto riesgo para nab-paclitaxel (ABRAXANE®) en relación con paclitaxel basado en solventes?
- La Comunidad ha tenido "contactos" con Wanda Group para un proyecto de vivienda, comercio y convenciones en Madrid
- Cyberclick Group, Appszoom y Laboratoires Quinton, las mejores pymes para trabajar en España