Valuation Model Update
Following my update on deliveries projections and a charge of 1.7 billion euros due to the restructuring of Brussels plant, I have adjusted my previous estimates as follows;
Management is guiding revenue of €338.4 billion (+5% y/y) and operating return on sales in the range of 6.5% to 7.0% (lowered from 7.0% to 7.5% due to Brussels plant restructuring).
I am currently looking into the EU CO2 regulation which could have an impact on the 2025 operating results. As such, further update on the 2025 projections will come soon.