(Boursier.com) — Airbus announces a lower operating profit in the first quarter, significantly below market expectations, while reaffirming its financial objectives for 2024. Airbus thus posts an adjusted Ebit of 577 million euros, down 25% year-on-year , against a market consensus of nearly 790 million euros. The group also presents a negative cash flow of 1.8 billion euros, compared to -1.3 billion euros expected.
“The negative effect linked to the increase in the Airbus employee shareholding plan led to an increase in expenses over one year of just over 100 million euros,” explains the group. Furthermore, “tensions persist on the geopolitical scene and in the supply chain”, commented Guillaume Faury, the group’s CEO, who specifies that he sees “no sign of improvement”.
Demand for airlines has rebounded, helped by the post-COVID pandemic recovery and fears of shortages in supply chains. “The ramp-up of the A320 program is progressing towards monthly production of 75 aircraft per month in 2026,” management further commented.
The European aircraft manufacturer announced that it had delivered 142 commercial aircraft in the first quarter of 2024. It also presented a higher production target for its A350 model, of 12 per month in 2028, in a context of renewed demand for aircraft. long-haul. Its current goal is 10 devices per month in 2026…
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