OREANDA-NEWS. Fitch Ratings has published the EMEA 1Q15 Aerospace and Defence dashboard.

The publication explores key themes affecting issuer credit profiles for the sector in Europe stemming from the reported 2014 results:

- Key theme: 2014 results broadly within Fitch's expectations highlighting the divergent paths of commercial aerospace and defence markets
- Earnings margins improved but collective free cash flows negative in 2014 due to working capital outflows, high capex and rising dividend payouts
- What to Watch: Cash deployment, especially to shareholders as well as possibly rising M&A activity in 2015
- The ratings impact of the above

A complete review of these topics including a review of the dashboard is available at www.fitchratings.com or by clicking the link above.

The EMEA Aerospace and Defence Dashboard is published bi-annually focusing on various sector themes.