Airbus profits fall 9% to 2.332 million | Companies

Aviation giant Airbus saw its profits fall by 9% as of September 30 compared to the corresponding period in 2022, falling to 2,332 million. The company maintains the forecast shared with the market in February for the end of the full year: 720 commercial aircraft delivered; Adjusted profit of 6000 million and free cash flow of 3000 million.

After the third quarter…

Aviation giant Airbus saw its profits fall by 9% as of September 30 compared to the corresponding period in 2022, falling to 2,332 million. The company maintains the forecast shared with the market in February for the end of the full year: 720 commercial aircraft delivered; Adjusted profit of 6000 million and free cash flow of 3000 million.

At the end of the third quarter, the manufacturer distributed 488 aircraft (437 as of September 30, 2022) and its adjusted profits reached 3,631 million, which represents a 4% improvement on the number for the first nine months of 2022. 42.6 billion, up 12%.

Reported revenue is 24% lower than it was last year, falling to €2,712 million, and reported EPS was €2.96, compared to €3.26 in the corresponding period. They are playing for $806 million related to pre-delivery dollar payment mismatch and balance revaluation.

The results report presented this afternoon reveals free cash flow before M&A and customer financing of $1.037 million, while it was $2.899 million in the first three quarters of 2022.

Group CEO, Instant cloudsHe highlighted “the progress made by our operational plan in an increasingly complex global environment.” In his view, “the profits for the first nine months reflect the increase in commercial aircraft deliveries, the good performance of helicopters, and fees associated with the re-evaluation of some satellite development programs.”

The company talks about strong demand for commercial aircraft and a recovery in the long-haul aircraft market. “We estimate that difficulties in the supply chain will continue as we move forward with ramping up production. In this context, we maintain our outlook for 2023,” Faury said.

Total commercial aircraft orders were 1,280 (856 units as of September 30, 2022) and net orders were 1,241 after cancellations, compared to 647 aircraft last year. The order book stands at 7,992 commercial aircraft.

Airbus Helicopters has 191 net orders (246 units as of September 30, 2022). The order received by Airbus Defense and Space amounts to €8.5 billion (up from €8 billion) and includes the renewal of the in-service support contract for the German A400M fleet.

Airbus’s total cash position was €22.4 billion (€23.6 billion at the end of 2022), with a consolidated net cash position of €8.3 billion (€9.4 billion in December last year).

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