Airbus still expects adjusted EBIT of between 6.5 and 7 billion euros for 2024


(AOF) – In the first quarter of 2024, Airbus’ consolidated turnover increased by 9% year-on-year to 12.8 billion euros (compared to 11.8 billion euros in the first quarter of 2023). Over this period, consolidated adjusted Ebit stood at 577 million euros (compared to 773 million euros in the first quarter of 2023). It includes a negative effect linked to the increase in Airbus’ employee share plan, due to record employee participation, which resulted in an increase in year-on-year expenses of just over €0.1 billion. euros.

For this first quarter, consolidated net income stood at 595 million euros (compared to 466 million euros in the first quarter of 2023), i.e. consolidated earnings per share (reported) of 0.76 euros (compared to 0.59 euro in the first quarter of 2023).

Over this period, Airbus delivered a total of 142 commercial aircraft (compared to 127 aircraft in the first quarter of 2023), including 12 A220s, 116 A320 family aircraft, 7 A330s and 7 A350s. Revenue generated by Airbus’ commercial aircraft activities increased by 13%, mainly driven by increased deliveries.

Airbus recorded 170 gross orders for commercial aircraft (compared to 156 aircraft in the first quarter of 2023) and the same number of net orders, with no cancellations recorded (net orders in the first quarter of 2023: 142 aircraft). The order book reached 8,626 commercial aircraft at the end of March 2024.

Airbus Helicopters recorded 63 net orders (39 units in the first quarter of 2023), mainly in the light and medium helicopter segment. Airbus Defense and Space order intake represents a total value of 2 billion euros (compared to 2.5 billion euros in the first quarter of 2023).

The forecasts published in February 2024 remain unchanged. The company is targeting around 800 commercial aircraft deliveries in 2024; an adjusted EBIT of between 6.5 and 7 billion euros; free cash flow before customer financing of approximately 4 billion euros.

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