Airbus reported its financial results for the first nine months of 2017 and confirmed the guidance for the rest of the year on October 31.
The financial side looks good for airbus with revenues of € 43.0 billion, which is a slight increase compared to the 42.7 billion for the first nine months of 2016. Total commercial aircraft revenues marked a four-times increase even though the deliveries were a bit lower compared to last year – 454, while the company managed to deliver 462 for the previous corresponding period. The breakdown per type is as follows: 350 A320 Family, 50 A350 XWBs, 45 A330s and nine A380s.
There was a decline of the group self-financed R&D expenses to € 1,918 million in 2017 compared to the € 2,015 million for 2016.
The net income reported by Airbus was higher compared to previous year (€ 1,811 million) and reached € 1,851 million after the EBIT Adjustments with earnings per share of € 2.39
The order intake until September 2017 was € 50.8 billion which is below the € 73.2 billion for the 9 months of 2016. There were 271 commercial aircraft orders for the period, compared to 380 for 2016. The order backlog recorded at the end of September 2017 was 6,691 aircraft.
The program of A350 aircraft production marked a good progress and is expected to meet the monthly production target rate of 10 jets by the end of 2018. Airbus also reported progress on A350 recurring cost convergence.
Airbus Chief Executive Officer Tom Enders concluded that,
“The strong backlog and a healthy market environment continue to support our commercial aircraft production ramp-up plans. We confirm our outlook even though this year’s delivery schedule is extremely back-loaded, largely due to the well-known engine problems plaguing our A320neo Family.”