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Oct 27 2023, 07:50 IST/BST
IAG
Record Q3
DAVY VIEW
IAG delivered strong growth in operating profit before exceptional items in the quarter to €1,745m (Q3 2022: €1,216m) and an operating margin of 20.2% (Q3 2022: 16.6%); consensus median €1,569m. Net debt has reduced by €3.1bn year-on-year (yoy) to €8.0bn (September 30th 2022: €11.1bn), and leverage was 1.4x at September 30th 2023 (September 30th 2022: 4.4x). We expect further details of longer-term plans at the Capital Markets Day (CMD) on November 21st.
