Airbus has reported strong Full-Year 2018 consolidated financial results and has delivered on its guidance for all key performance indicators.
The company’s consolidated revenues for 2018 totalled €64 billion and its consolidated earnings before interest and taxes (EBIT) Adjusted came to €5,834 million, compared to €3,190 million in 2017. This ‘reflects the strong operational performance and programme execution across the Company’, the report said.
The report also highlighted that A380 deliveries are to cease in 2021 due to a lack of airline demand. That being said, at Airbus, a total of 800 commercial aircraft were delivered compared to 718 aircraft in 2017. This included 20 A220s, 626 of the A320 Family, 49 A330s, 93 A350s and 12 A380s. Furthermore, despite Airbus Helicopters delivering fewer units in 2018 compared to 2017 (356 compared to 409), revenues are stable year-on-year on a comparable basis. The report also stated that ‘higher revenues at Airbus Defence and Space were supported by its Space Systems and Military Aircraft activities’.
The EBIT Adjusted growth was apparent in all three of the company’s operating facilities: Airbus, Airbus Helicopters and Airbus Defence and Space. Indeed, Airbus’ EDIT Adjusted totalled €4,808 million thanks to increased aircraft deliveries – almost double that of 2017: €2,383 million. The report highlighted that this strong improvement ‘is driven by progress on the learning curve and pricing for the A350, as well as the A320neo ramp-up and pricing premium’.
Airbus Helicopters’ EBIT Adjusted increased to €380 million (2017: € 247 million), which the report said reflected ‘higher Super Puma Family deliveries, a favourable mix and solid underlying programme execution’. Airbus Defence and Space’s EBIT Adjusted totalled € 935 million (2017: €815 million), ‘mainly reflecting solid programme execution’.
On the A400M programme, 17 aircraft were delivered during the year, compared to 19 in 2017. Airbus Chief Executive Officer Tom Enders commented: “On A400M, we succeeded in re-baselining the programme with our government customers and their domestic approval processes should conclude in the coming months. All in all, we have achieved significant de-risking of the A400M in 2018.”
Enders added: “With an order backlog of around 7,600 aircraft, we intend to ramp-up aircraft production even further. The strength of last year’s achievements is reflected in our record dividend proposal. In sum, Airbus stands on a solid growth trajectory and our helicopter, defence and space businesses are also in good shape as the new management team under my successor Guillaume Faury gets ready to take over.”
To read the full report over at Airbus, click here.