HALISTER: Zodiac Falls; Airbus COO Says Still ‘Customization’ Issues

Zodiac Falls; Airbus COO Says Still ‘Customization’ Issues

(Bloomberg) -- Zodiac Aerospace falls as much as 2.3%, second biggest drop on SBF 120 index.
  • Airbus COO Tom Williams Says A350 still suffers from “customization” issues; customization refers to airline seats, galleys, though Williams didn’t name any supplier
  • NOTE
    • Airbus is among Zodiac’s largest customers: Bloomberg supply chain analysis
    • Stock has fallen 0.3% month-to-date vs a 3% rise in the Stoxx 600 Industrial Goods and Services index; is down 7.1% YTD vs a 1.8% rise in the SXNP index
    • Of 14 analyst ratings, 3 are buy, 7 hold, 4 sell, with an average PT of EU17.6 implying ~14% downside
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
AIR FP (Airbus Group SE)
ZC FP (Zodiac Aerospace)

People
Thomas Williams (Airbus SAS)

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