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Feb 28 2025, 08:07 GMT
IAG
€1bn buyback for FY2025
DAVY VIEW
IAG reported a very strong FY2024 with operating profit before exceptionals up 26.7% to €4,443m (consensus: €4,077m, Davy: €4,012m), resulting in 13.8% margins (last year: 11.9%). The intention is to return up to a further €1bn of excess capital within the next 12 months. The market will look to revise upwards its €4,542m consensus numbers for FY2025.
