Latest news with #EJTTF
Business Insider
23-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: EasyJet (OtherEJTTF) and Munters Group AB (OtherMMNNF)
There's a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on EasyJet (EJTTF – Research Report) and Munters Group AB (MMNNF – Research Report) with bullish sentiments. Confident Investing Starts Here: EasyJet (EJTTF) In a report issued on May 21, Marc Zeck from Kepler Capital maintained a Buy rating on EasyJet, with a price target of p680.00. The company's shares closed last Wednesday at $7.13. Zeck has an average return of 19.1% when recommending EasyJet. According to Zeck is ranked #1439 out of 9559 analysts. Currently, the analyst consensus on EasyJet is a Moderate Buy with an average price target of $8.79, which is a 23.3% upside from current levels. In a report issued on May 6, J.P. Morgan also maintained a Buy rating on the stock with a £7.30 price target. Kepler Capital analyst Mats Liss maintained a Buy rating on Munters Group AB on May 21 and set a price target of SEK145.00. The company's shares closed last Monday at $16.05. Liss has an average return of 24.1% when recommending Munters Group AB. According to Liss is ranked #3362 out of 9559 analysts. Munters Group AB has an analyst consensus of Moderate Buy, with a price target consensus of $15.94.
Yahoo
23-05-2025
- Business
- Yahoo
easyJet PLC (EJTTF) (H1 2025) Earnings Call Highlights: Navigating Losses and Strategic Growth
Group Loss: GBP394 million for the first half, in line with consensus. Impact of Easter: Valued at GBP50 million, affecting financial results. Q1 Performance Improvement: Improved by GBP65 million, more than halving losses. Capacity Investments: Added 8% more seats, increased ASKs by 14%. Crew Productivity: Improved by 6%. Aircraft Utilization: Improved by 5%. Unit Costs (CASK ex fuel): Reduced by 4%. Fuel Costs: Reduced by 8%. EasyJet Holidays Passenger Growth: Expected 25% increase. New Aircraft: Took ownership of nine A320 family neos. Average Seat Gauge: Increased by 1% to 181 seats. New Bases Opened: Milan Linate, Rome Fiumicino, and Southend. On-Time Performance: Improved by 1% in the first half, 2% in April. CSAT Scores: Improved year on year for airport experience. Dividend: Paid 20% of profit after tax for the half. Asset Book Value: GBP4.6 billion, expected to grow by 60% by full year '28. Warning! GuruFocus has detected 4 Warning Sign with EJTTF. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. easyJet PLC (EJTTF) improved its Q1 performance by GBP65 million, more than halving its losses compared to the previous year. The company reduced its unit costs (CASK ex fuel) by 4% and fuel costs by 8%, with expectations for continued reductions in the second half. easyJet Holidays is on an excellent growth trajectory, expecting a 25% increase in passengers. The company has added new bases in Milan Linate, Rome Fiumicino, and Southend, with plans to open a base in Newcastle, enhancing its network. The company is focused on capital allocation, ensuring high returns on capital and maintaining a strong investment-grade balance sheet. easyJet PLC (EJTTF) reported a group loss of GBP394 million for the first half, in line with consensus but still a significant loss. The second quarter saw an increase in losses, attributed to necessary preparations for the summer season, including recruitment and training. Capacity growth is constrained due to delays from OEMs like Airbus and Boeing, affecting summer seat availability. The company faces challenges with air traffic control disruptions, which have deteriorated year-on-year. New routes and bases require price stimulation initially, impacting short-term profitability as they mature over a two to three-year period. Q: Can you provide more details on how the Easter impact moved from GBP30 million to GBP50 million and discuss summer pricing? A: The Easter impact increased due to stronger-than-anticipated demand in April. We saw a need for price stimulation in March, particularly for routes to the Canaries. For summer, we are ahead on load factor, with a 2.2% increase, and fuel costs are decreasing, which supports a positive outlook. (Kenton Jarvis, CFO) Q: How are the new bases performing, and what is the proportion of seats sold through third-party channels? A: Southend has performed well, with 25% of traffic from easyJet Holidays. Milan Linate and Rome Fiumicino are promising but required late investments. Regarding distribution, UK Beach routes have 65% direct sales, 18% indirect, and 17% through easyJet Holidays. (Kenton Jarvis, CFO; Sophie Dekkers, CCO) Q: With the current booking trends, do you see value in adjusting yield strategies for the peak summer? A: Our commercial department continuously evaluates the trade-off between yield and load factor. We are in a strong position and will optimize performance for another record summer. (Kenton Jarvis, CFO) Q: Are there any plans for a loyalty program similar to legacy airlines? A: Loyalty is important to us, and we have easyJet Plus with growing membership. We are exploring app-centric approaches for deeper customer relationships, but there are no immediate plans for a traditional loyalty program. (Kenton Jarvis, CFO) Q: How are you addressing high other costs compared to peers, and what impact will this have on future profitability? A: We have seen a 4% improvement in CASK ex-fuel due to increased capacity. Maintenance costs are slightly up due to lease extensions and inflation. We are focused on closing the cost gap with peers through capital allocation and digital investments. (Jan De Raeymaeker, CFO) Q: What is the outlook for hotel bed supply in new longer route markets? A: We are positive about hotel bed supply, with strong relationships with hoteliers who appreciate our ability to fill beds year-round. We have seen increased approaches from hoteliers offering more beds, which supports our growth. (Garry Wilson, CEO of EasyJet Holidays) Q: Have you observed any changes in demand due to tariff uncertainties, and what is your stance on cash returns to shareholders? A: We have not seen significant changes in demand due to tariffs. Our cash position is strong, with GBP3.6 billion in cash and GBP5.3 billion in total liquidity. We maintain a 20% dividend policy and focus on fleet modernization. (Kenton Jarvis, CFO; Jan De Raeymaeker, CFO) Q: How are you addressing the Spanish government's challenge to ancillary fees, and what is the demand outlook in Europe? A: We are appealing the Spanish fine, as it contravenes EU law. Ancillary fees are crucial for managing capacity and customer satisfaction. Demand in Europe is strong, with load factors ahead of last year. (Kenton Jarvis, CFO; Sophie Dekkers, CCO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
