Today Airbus has reported its half-year results for 2022.
Commenting on the news Airbus Chief Executive Officer, Guillaume Faury, said:
“Airbus delivered a solid H1 2022 financial performance in a complex operating environment, with the geopolitical and economic situation creating further uncertainties for the industry. The supply chain challenges are leading us to adjust the A320 Family ramp-up steps in 2022 and 2023, and we now target a monthly rate of 65 in early 2024. Our aircraft delivery target for 2022 has been updated accordingly. The earnings and free cash flow guidance are maintained, underpinned by the H1 financials.”
“The Airbus teams are engaged with suppliers and partners to ramp up towards an A320 Family monthly production rate of 75 in 2025, backed by strong customer demand.”
Key points are:
- 297 commercial aircraft delivered in H1 2022
- Revenues € 24.8 billion; EBIT Adjusted € 2.6 billion
- EBIT (reported) € 2.6 billion; EPS (reported) € 2.42
- Free cash flow before M&A and customer financing € 2.0 billion
- A320 Family monthly production rate target of 75 for 2025 unchanged; adjustment to 2022 and 2023 ramp-up trajectory
- 2022 guidance updated to around 700 commercial aircraft deliveries
- 2022 guidance maintained for EBIT Adjusted and FCF before M&A and customer financing
The full release can be found here. If you have any questions please do let us know.
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