Airbus Reports Half-Year 2019 Results

Airbus SE reported Half-Year 2019 consolidated financial results and maintained its guidance for the full-year.

“The half-year financial performance mainly reflects the ramp-up in production of A320 Family aircraft and transition to the more efficient NEO version, as well as further progress on the A350 financial performance,” said Airbus Chief Executive Officer Guillaume Faury. “We continue to see good demand for our competitive product portfolio, including the new A321XLR, as shown by the strong market endorsement at June’s Le Bourget airshow. Our operational focus is mainly on the A320neo Family ramp-up. The second half of the year in terms of deliveries and in particular free cash flow continues to be challenging. In defence and space, we signed the important contract amendment for the A400M programme.”

Gross commercial aircraft orders totalled 213 with net orders of 88 aircraft . The order book stood at 7,276 commercial aircraft as of June 30. Net helicopter orders of 123 units  included 23 NH90s for Spain and 11 H145s in the second quarter. Airbus Defence and Space’s order intake by value totaled € 4.2 billion, with second quarter bookings including the A400M Global Support Step 2 contract with OCCAR and next generation geostationary Ka-band communications satellites.

Consolidated revenues increased to € 30.9 billion, mainly reflecting higher commercial aircraft deliveries and favourable foreign exchange. At Airbus, a total of 389 commercial aircraft were delivered, comprising 21 A220s, 294 A320 Family, 17 A330s, 53 A350s and 4 A380s. Airbus Helicopters delivered 143 units with stable revenues driven by program phasing compensated by growth in services. Higher revenues at Airbus Defense and Space were supported by Military Aircraft activities.

Outlook

As the basis for its 2019 guidance, the Company expects the world economy and air traffic to grow in line with prevailing independent forecasts, which assume no major disruptions.