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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  International Consolidated Airlines Group    IAG   ES0177542018

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International Consolidated Airlines : British Airways owner IAG targets higher core earnings in coming years

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11/03/2017 | 10:55am CET
FILE PHOTO: British Airways planes are parked at Heathrow Terminal 5 in London

British Airways owner IAG said it was aiming for annual core earnings around 20 percent higher than previous targets on Friday as it stuck to its goals for earning-per-share growth and margins for the coming years.

IAG shares rose 1.7 percent after it said that it was targeting core earnings (EBITDAR) of 6.5 billion euros (5.80 billion pounds) per year between 2018-2022, compared to a goal of an annual 5.3 billion euros between 2016-2020.

For the same period, the airlines group also provided higher targets for capital expenditure and capacity growth, measured in available seat kilometres (ASK) - a key metric for airlines.

IAG, which also owns Iberia, Aer Lingus and Vueling, a week ago said it expected profits to rise by nearly 20 percent this year. On Friday its senior management will update analysts at a capital markets day (CMD).

The group stuck to its target for return on invested capital (ROIC), which one analyst said was a disappointment.

"No increase in ROIC target of 15 percent, which is disappointing and we expect today’s CMD to focus on how profit guidance is being raised but no lift to the return target," analysts at Goodbody said in a note.

The group said it was still targeting average EPS growth of over 12 percent each year, and its target for an annual operating profit margin between 12-15 percent was also unchanged.

(Reporting by Alistair Smout; Editing by James Davey and Edmund Blair)

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Financials (€)
Sales 2017 22 891 M
EBIT 2017 2 952 M
Net income 2017 1 973 M
Debt 2017 1 861 M
Yield 2017 4,28%
P/E ratio 2017 7,00
P/E ratio 2018 6,28
EV / Sales 2017 0,69x
EV / Sales 2018 0,64x
Capitalization 13 998 M
Chart INTERNATIONAL CONSOLIDATED
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International Consolidated Technical Analysis Chart | IAG | ES0177542018 | 4-Traders
Technical analysis trends INTERNATIONAL CONSOLIDATED
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 7,81 €
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
William Matthew Walsh Chief Executive Officer & Director
Antonio Vázquez Romero Chairman
Enrique Dupuy de Lôme Chávarri Group Chief Financial Officer & Executive Director
Patrick Jean-Pierre Cescau Senior Independent Director
James Arthur Lawrence Independent Non-Executive Director
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