France · Delayed Price · Currency is EUR Airbus SE Earnings Call Transcripts
Fiscal Year 2026
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Commercial aircraft deliveries fell year-on-year, impacting profitability and free cash flow. Inventory build-up and industrial disruptions continue, while R&D expenses are set to rise in 2026. Guidance remains unchanged ahead of the April 28 earnings release.
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Record financial results and a revised dividend policy were highlighted, alongside strategic initiatives in industrial consolidation and sustainability. Key risks included geopolitical volatility and supply chain constraints, while all audit and governance standards were met.
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Aircraft deliveries rose to 286 in Q4 2025, driving higher free cash flow and strong order momentum. Inflation and tariffs remain headwinds, but guidance is unchanged and inventory is being managed to support ramp-up.
Fiscal Year 2025
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Record financial results in 2025 with €73.4B revenue and €5.2B net income, driven by strong demand and robust order intake across all segments. 2026 guidance targets 870 deliveries and €7.5B EBIT adjusted, with ongoing supply chain and engine challenges.
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Record 2025 results driven by strong demand and robust order intake across all segments, but 2026 guidance reflects headwinds from Pratt & Whitney engine shortages and Spirit AeroSystems integration, impacting deliveries and free cash flow. Strong backlog and liquidity support future ramp-up.
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Revenues rose 7% to EUR 47.4 billion with EBIT Adjusted at EUR 4.1 billion, driven by higher deliveries and services. Guidance for 2025 is maintained, targeting 820 aircraft deliveries and EUR 7 billion EBIT Adjusted, while supply chain and engine availability remain key risks.
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Q3 2025 saw a significant increase in commercial aircraft deliveries and improved divisional performance, with positive impacts from FX and R&D initiatives partially offsetting inflation and inventory buildup. Guidance remains unchanged, with results to be released October 29.
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H1 2025 saw strong order intake and revenue growth, but engine supply issues led to 60 gliders and negative free cash flow. Guidance for 2025 is unchanged, with 820 deliveries targeted and Spirit AeroSystems integration expected in Q4.
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Q2 2025 saw lower aircraft deliveries and a less favorable mix, impacting fixed cost absorption and cash flow. Engine supply issues persist, while the LEED initiative continues to affect R&D. Defence and Space is expected to contribute positively to EBIT adjusted.
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Production ramp-up is on track, with supply chain and workforce improvements supporting higher rates, though engine supply remains a near-term challenge. Defence, Space, and Helicopters divisions are set for profitable growth, and financial guidance for 2025 is reaffirmed, with enhanced shareholder returns and disciplined capital allocation.
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Q1 2025 saw 6% revenue growth to EUR 13.5 billion, stable EBIT Adjusted at EUR 0.6 billion, and a record aircraft backlog. Guidance for 2025 remains unchanged, excluding tariffs, with supply chain and tariff risks actively managed.
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The AGM reviewed strong 2024 financial results, record order intake, and progress in sustainability and innovation. Key board appointments and a EUR 3 per share dividend were proposed. Strategic priorities include ramping up aircraft production, transforming Defence and Space, and advancing decarbonization.
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Q4 2024 saw increased aircraft and helicopter deliveries, a favorable A320 Family mix, and strong order momentum across divisions. Profitability benefited from higher volumes and the LEAD initiative, while inflation and currency effects were mixed. Updates on major space programs and restructuring are expected at the full year release.
Fiscal Year 2024
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Strong 2024 results featured record order intake, €69.2B revenue (+6% YoY), and €4.2B net income, despite €1.3B in space charges. 2025 guidance targets 820 aircraft deliveries and €7B EBIT Adjusted, with continued supply chain and geopolitical risks.
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Strong 2024 results with 6% revenue growth, robust order intake, and 766 aircraft delivered. Guidance for 2025 targets 820 deliveries and EUR 7 billion EBIT adjusted, with supply chain and tariff risks monitored.
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Nine-month 2024 revenues rose 5% to EUR 44.5 billion, but EBIT Adjusted fell to EUR 2.8 billion due to space business charges and higher R&D. The company maintains 2024 guidance, with supply chain and inflation challenges persisting.
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H1 2024 saw 4% revenue growth and strong commercial aircraft demand, but EBIT Adjusted fell due to a EUR 989 million space business charge. Guidance for 2024 is unchanged, with supply chain and space program challenges impacting ramp-up and profitability.
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Updated 2024 guidance reflects EUR 0.9 billion in space program charges and reduced aircraft delivery targets due to persistent supply chain and engine issues. Ramp-up to 75 aircraft per month is now expected in 2027, with ongoing strategic reviews and operational adjustments underway.