Airbus 2014 Annual Report Download - page 38
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Please find page 38 of the 2014 Airbus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.SHARE PRICE EVOLUTION
As of 31 December 2014
Capital Structure
4%
11%
11%
SHARE
INFORMATION
Airbus Group CAC 40 MSCI Aerospace (in €, adjusted daily US $/€ rate)
After comfortably outperforming its main
benchmark index, the CAC40, in each of
the previous four years, and climbing
89% in 2013 alone, the Airbus Group
share saw a period of consolidation in
2014, as investors took profits and turned
their attention to potential risks.
After reaching a near all-time high of €55.81 at
the end of 2013, the share price retreated 26%
over the course of the year 2014.
During the same period wider markets were
relatively subdued. The CAC 40 fell 0.5%, while
the DAX and MDAX rose 2.5% and 2% respec-
tively. The EuroStoxx50 climbed 1%.
During the first half year, Airbus Group shares
broadly tracked their civil aerospace peers.
However, investors began to express doubts
about the strength of the commercial cycle.
Although the launch of the A330neo, during the
July Farnborough Airshow, was widely seen as
a long-term positive for the company, investors
noted the dilutive impact on the Group’s 2015
earnings. On 8 August 2014 shares reached
€42.22. After Airbus Group shares recovered
over August and September, fears of an eco-
nomic slowdown hit European indices late in
September and October, which impacted the
com pany’s share price.
In November the share price again moved up-
wards, supported by global market momentum,
the drop in €/$ exchange rate, lower oil price
and positive news-flow on key programmes
and orders. On 27 November 2014 the share
closed at €49.79.
Investors continued to display nervousness,
however. On the morning of 10 December 2014,
Qatar Airways announced a decision to post-
pone acceptance of its first A350 XWB. On the
same day, amidst speculation around the cause
of this delay, investors and analysts who had
gathered in London for the company’s Global In-
vestor Forum were disappointed by the Com-
pany’s profitability outlook for 2016, A330 pro-
duction rates, the capital allocation policy and
longer-term perspectives for the A380.
On 31 December 2014, the Airbus Group share
closed at €41.35. A rapid recovery ensued in
the following weeks, with the share finishing at
€50.14 on 26 January 2015.
74%
Free Float*
SOGEPA (French State)
GZBV (German State)
SEPI (Spanish State)
As of 31 December 2014
Number of shares as of
31 December 2014
784,780,585
ISIN Code
NL0000235190
Gross Dividend per share*
€ 1.20
High in 2014 on the Paris stock
market on 22 January
€ 57.1
Low in 2014 on the Paris stock
market on 15 December
€ 40.5
Profile
* To be proposed to the Annual General Meeting 2015.
Airbus Group share price in €Base 100 as of 2 January 2012
250
200
150
100
50
60
50
40
30
20
2012 2013
J F M A M J J A S O N D
2014
*Include Treasury shares (<0.1%) without economic or voting rights.
ANNUAL REVIEW 2014
36
02 PILOTING EFFICIENCY