Airbus Group ( (EADSF) ) has realeased its Q3 earnings. Here is a breakdown of the information Airbus Group presented to its investors.
Airbus Group is a leading global aerospace company, specializing in the manufacture of commercial aircraft, helicopters, and defense and space equipment. The company is known for its innovation and extensive product range in the aerospace sector.
In its nine-month financial report for 2024, Airbus reported delivering 497 commercial aircraft, achieving revenues of €44.5 billion and an adjusted EBIT of €2.8 billion. However, the company also faced challenges, including a negative free cash flow before customer financing of €0.8 billion, amidst a complex operating environment.
Key highlights from the report include a 5% increase in consolidated revenues year-on-year, driven by higher commercial aircraft deliveries and strong performance in the helicopters segment. Despite a decrease in adjusted EBIT for commercial aircraft activities, Airbus maintained robust order backlogs and saw significant growth in its Defense and Space order intake, up to €11.0 billion. The company’s net income decreased by 22% from the previous year, while it experienced a negative free cash flow primarily due to inventory build-up to support future deliveries.
Looking forward, Airbus remains focused on ramping up production rates for its aircraft programs and transforming its Defense and Space division. The company anticipates delivering around 770 commercial aircraft in 2024 and achieving an adjusted EBIT of approximately €5.5 billion, maintaining a cautious outlook amid geopolitical and supply chain uncertainties.
