Airbus’ revenue grew by 7% to €47.4bn over the first three quarters. This reflected an uplift across all business units, including mid-teens growth in its Helicopters and Defence & Space divisions. Commercial aircraft deliveries totalled 507 (9m 2024: 497 aircraft).
Underlying operating profits jumped 48% higher to €4.1bn, well ahead of market expectations driven by beats across all divisions. There was also a sharp return to profitability in its Defence & Space division.
Free cash outflows improved from €0.9bn to €0.8bn, but remained in negative territory reflecting a inventory build-up to support a planned acceleration in final quarter deliveries. The net cash position stood at €7.0bn.
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 rose 3.1% 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 LSEG. 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.