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Pin to quick picksBAE Systems Share News (BA.)

Share Price Information for BAE Systems (BA.)

London Stock Exchange
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Share Price: 1,361.50
Bid: 1,360.50
Ask: 1,361.00
Change: 32.00 (2.41%)
Spread: 0.50 (0.037%)
Open: 1,335.00
High: 1,368.50
Low: 1,334.00
Prev. Close: 1,329.50
BA. Live PriceLast checked at -

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TOP NEWS: BAE Systems says recent trading in line with guidance

Mon, 13th Nov 2023 09:41

(Alliance News) - BAE Systems PLC on Monday said its recent trading has been in line with its upgraded guidance from its interim results.

The London-based defence company said it is delivering "another year of good sales and earnings growth", as well as "strong cash flow generation".

It continues to expect sales growth of 5% to 7% in 2023 from the USD23.26 billion sales achieved in 2022, with underlying earnings before interest and tax to grow 6% to 8% from USD2.48 billion. BAE Systems anticipates a free cash flow of over GBP1.8 billion versus GBP1.95 billion in 2022.

The company pointed to a strong opportunity pipeline, as well as strong order flow on new and existing programmes, and renewals on incumbent positions.

Chief Executive Officer Charles Woodburn said: "These underpin our confidence and visibility for good top line growth in the coming years, and we continue to reinforce our value compounding model with a sharp focus on operational performance and disciplined capital allocation."

BAE Systems shares were 0.6% higher at 1,110.50 pence each on Monday morning in London.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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