BAE Systems 2024 Results Are Strong -- Market Talk

Dow Jones
19 Feb

0926 GMT - BAE Systems released a strong set of 2024 results, with outperforming free cash flow due to high cash conversion in the Platforms and Services, and Air divisions, Berenberg analysts say. However, the London-listed aerospace and defense group's free cash flow guidance for 2025 is about 700 million pounds below consensus, they note. The implied earnings per share guidance for this year is 1% below consensus, they add. Still, the analysts believe Wednesday's results should be taken positively. Shares are down 2.4% at 13.05 pounds. (cristina.gallardo@wsj.com)

 

(END) Dow Jones Newswires

February 19, 2025 04:26 ET (09:26 GMT)

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