Airbus Soars with Strong Performance in First Nine Months of 2023
Airbus SE, a global leader in aerospace, has reported robust financial results for the first nine months of 2023, showcasing resilience and growth in a challenging global environment.
Airbus Soars with Strong Performance in First Nine Months of 2023
November 2023 - Airbus SE, a global leader in aerospace, has reported robust financial results for the first nine months of 2023, showcasing resilience and growth in a challenging global environment. With a significant increase in commercial aircraft deliveries and a strong demand for its products, Airbus is navigating the complexities of the current market with strategic agility and operational efficiency.
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Key Highlights of Airbus' 9M 2023 Results:
- Increased Aircraft Deliveries: Airbus delivered a total of 488 commercial aircraft in the first nine months of 2023, marking an increase from the previous year. This includes 41 A220s, 391 A320 Family aircraft, 20 A330s, and 36 A350s.
- Robust Financial Performance: The company's revenues rose to €42.6 billion, a 12% increase year-on-year. The EBIT Adjusted stood at €3.6 billion, reflecting the higher number of deliveries and good performance in the helicopter segment.
- Strong Order Backlog: Airbus reported a total of 1,280 gross commercial aircraft orders, with a net order of 1,241 aircraft after cancellations. The order backlog amounted to 7,992 commercial aircraft as of September 2023.
- Helicopter and Defence Sectors: Airbus Helicopters registered 191 net orders, showing a well-spread demand across programs. Airbus Defence and Space saw an order intake of €8.5 billion, including significant contracts like the renewal of the A400M fleet support for Germany.
CEO's Perspective: Guillaume Faury, CEO of Airbus, highlighted the company's progress amidst an increasingly complex global environment. "The demand for our commercial aircraft is very strong, with a continuing recovery in the widebody market," Faury stated. He also acknowledged the challenges in the supply chain and the company's focus on ramping up production.
Future Outlook and Innovations:
- Airbus is maintaining its guidance for the full year, expecting the supply chain to remain challenging.
- The company is progressing towards a monthly production rate of 14 A220 aircraft by 2026 and 75 A320 Family aircraft per month by the same year.
- Airbus is also increasing the production rate for the A350 to 10 aircraft a month by 2026 and continues to target rate 4 for the A330 in 2024.
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Financial Stability and Investments:
- The company reported a consolidated EBIT (reported) of €2.7 billion and a free cash flow before M&A and customer financing of €1.0 billion.
- Investments in modernization and digitalization of the industrial system are ongoing, including the inauguration of the A321XLR equipment installation hangar in Hamburg.
Conclusion: Airbus' performance in the first nine months of 2023 is a testament to its strategic planning and operational excellence. With a strong order book, increased deliveries, and ongoing investments in innovation and technology, Airbus is well-positioned to continue its trajectory of growth and success in the global aerospace industry.
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About Airbus: Airbus is a global leader in aeronautics, space, and related services. In 2023, it leveraged its diverse portfolio of solutions for customers worldwide, making significant strides in the commercial aircraft, helicopters, defense, and space sectors.
Disclaimer: This article contains forward-looking statements that involve risks and uncertainties. Factors that could cause actual results to differ materially include economic conditions, market changes, and other risks detailed in Airbus' reports and filings.
