Airbus raised nine-month net income to 3.587 billion euros and delivered 547 commercial aircraft. Cash flow before customer financing remained negative as inventories accumulated ahead of year-end deliveries and planned production increases. The aircraft manufacturer retained its full-year targets, including roughly 870 deliveries, with its outlook conditional on avoiding additional disruption.
The aircraft manufacturer Airbus released financial results covering its business through the end of September.[1], [2]
Over the first nine months, the company delivered 547 commercial aircraft. Revenue rose from 47.436 billion euros to 50.645 billion euros. Net income increased to 3.587 billion euros from 2.641 billion euros, while adjusted earnings before interest and tax rose from 4.146 billion euros to 4.495 billion euros.[1]
Net commercial aircraft orders after cancellations reached 1,105, compared with 514 a year earlier. The order backlog stood at 9,310 aircraft at September’s end. Adjusted operating earnings in Helicopters declined from 495 million euros to 445 million euros; Defence and Space increased from 420 million euros to 672 million euros. Company-funded research and development spending totalled 2.327 billion euros.[1]
Free cash outflow before customer financing totalled 1.268 billion euros. According to Airbus, the outflow chiefly reflected inventories built for deliveries concentrated toward year-end and planned production increases. It retained annual targets of around 870 commercial aircraft deliveries, adjusted operating earnings of 7.5 billion euros and free cash flow before customer financing of 4.5 billion euros. The outlook assumes no additional supply-chain or global-trade disruption.[1]
