Share research

Airbus: H1 profits rise, full-year guidance maintained

Airbus’ first-half profits rise sharply due to a recovery in its Defence & Space division.
One airplane taking off behind a docked airplane at an airport in the evening.jpg

No recommendation - No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.

Prices delayed by at least 15 minutes

Airbus’ revenue rose 3% to €29.6bn in the first half. A small decline in commercial aircraft revenue due to lower deliveries (306 aircraft vs 323 in the prior year) was more than offset by double-digit growth in its Helicopters and Defence & Space divisions.

Underlying operating profit jumped 58% higher to €2.2bn, driven by a sharp return to profitability in the Defence & Space division.

Free cash outflows worsened from €0.6bn to €1.6bn, reflecting a planned build-up of inventory to support production later in the year. There was a net cash position of €7.0bn at period-end.

Full-year guidance has been maintained, with Airbus expecting to deliver “around 820” commercial aircraft. Underlying operating profit and free cash flow are expected to be around €7.0bn and €4.5bn respectively.

The shares were broadly flat in early trading.

Our view

HL view to follow.

Airbus key facts

All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.

This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by Refinitiv. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.

This article is not advice or a recommendation to buy, sell or hold any investment.No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication.Non - independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place(including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing.Please see our full non - independent research disclosure for more information.
Latest from Share research
Weekly Newsletter
Sign up for Share Insight. Get our Share research team’s key takeaways from the week’s news and articles direct to your inbox every Friday.
Written by
Aarin Chiekrie
Aarin Chiekrie
Equity Analyst

Aarin is a member of the Equity Research team. Alongside our other analysts, he provides regular research and analysis on individual companies and wider sectors. Having a keen interest in global economics, he knows how macro-events can impact individual companies.

Our content review process
The aim of Hargreaves Lansdown's financial content review process is to ensure accuracy, clarity, and comprehensiveness of all published materials
Article history
Published: 31st July 2025