Airbus Soars with Strong Deliveries and Solid Financial Performance in the First Nine Months of 2023

Airbus Soars with Strong Deliveries and Solid Financial Performance in the First Nine Months of 2023

Amsterdam, November 8, 2023 – Airbus SE (stock exchange symbol: AIR) has released its financial results for the nine months ending September 30, 2023, showcasing a robust performance despite the complexities of a challenging global environment.

Delivering Excellence in Aviation

With 488 commercial aircraft delivered, Airbus has seen a significant increase from the 437 aircraft delivered in the same period last year. This impressive delivery volume underscores Airbus's resilience and adaptability in a recovering market, particularly noting a surge in the widebody segment.

Financial Highlights: A Skyward Trajectory

Airbus's financial health is on display with revenues climbing to €42.6 billion, a 12% increase year-on-year. The EBIT Adjusted stands at €3.6 billion, reflecting a disciplined approach to operational execution and strategic investments. The reported EBIT of €2.7 billion and earnings per share (EPS) of €2.96 further solidify Airbus's market position.

A Strong Order Book

The company reported gross commercial aircraft orders totaling 1,280, with net orders after cancellations reaching 1,241 aircraft. This marks a significant uptick from the previous year and indicates a robust demand for Airbus's commercial aircraft, with an order backlog that now stands at 7,992 aircraft.

Helicopters and Defence: Diversified Strength

Airbus Helicopters has also performed admirably, with 191 net orders contributing to a 3% revenue increase. Airbus Defence and Space, while facing a slight revenue decrease, has secured a substantial order intake of €8.5 billion, including a notable contract renewal for Germany’s A400M fleet.

Innovation and Future Outlook

Airbus continues to innovate, with the A220 program ramping up towards a monthly production rate of 14 aircraft by 2026 and the A320 Family program aiming for 75 aircraft per month. The A321XLR is progressing towards certification, with service entry expected in Q2 2024.

Commitment to Sustainability and Compliance

The company has also made strides in sustainability and compliance, closing a Consent Agreement with the US State Department and demonstrating Airbus's dedication to responsible growth.

Analysts' Anticipation

An analyst conference call is scheduled for 19:30 CET on November 8, 2023, to discuss these results in detail. Interested parties can follow the live webcast on the Airbus website.

In Summary

Airbus's performance in the first nine months of 2023 is a testament to its strategic planning and execution. With strong delivery numbers, a solid financial foundation, and a clear vision for the future, Airbus is well-positioned to navigate the complexities of the global market and maintain its leadership in the aviation industry.

For more detailed information, please refer to the full press release and financial tables provided by Airbus.