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DUAVF - Dassault Aviation: Net Income Grows On Interest On Cash Position
Dassault Aviation
2024-03-19 17:12:44 ET
Summary
Dassault Aviation société anonyme suffered on supply chain issues and negative operating leverage.
Operating income declines were offset by serious growth in interest income from their massive cash warchest.
The step up in productivity that we expect next year should reverse negative operating leverage effects, and the secular picture remains excellent for Dassault.