0857 GMT - BAE Systems released a strong set of 2024 results, Berenberg says in a note. The highlight is free cash flow outperformance of around 900 million pounds. That stems from high cash conversion in the Platforms & Services and Air divisions, Berenberg says. The company's 2025 free cash flow guidance is around 700 million pounds below consensus, although the 2024-25 cumulative free cash flow is around 200 million pounds ahead following the 2024 performance. BAE's share price falls 2.1% in early morning trade but Berenberg says: "This morning's results should be taken positively, in our view." (Alistair.Macdonald@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 03:57 ET (08:57 GMT)
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