Airbus’ revenue rose 6% to €13.5bn in the first quarter. All business units contributed positively, including double-digit growth from the Helicopters and Defence units.
The group delivered 136 (2024: 142) commercial aircraft in the quarter. Net orders of 204 aircraft pushed the order backlog up to 8,726 aircraft.
Underlying operating profit rose 8% to €624mn, ahead of market expectations, with growth driven by a return to profitability in the Defence unit.
Free cash outflows improved from €1.8bn to €0.3bn (€1.7bn outflow expected), but remains in negative territory reflecting plans to build inventory to support increased production. Net cash stood at €11.0bn, down from €11.8bn at year-end.
Full-year guidance has been maintained, but excludes the impact of tariffs and potential disruptions to global trade. The group expects to deliver “around 820” commercial aircraft and underlying operating profits od around €7.0bn.
The shares rose 2.2% in early trading.
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