Airbus Group announced on 24 February that the company had increased its group revenues by 6% to EUR64 billion (USD70 billion), with the company’s Defence and Security business reporting a relatively flat year. Group EBIT before one-off rose 2 percent to 4.13 billion euros from 4.07 billion euros.
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Airbus reported that the value of its order book reached €1 trillion ($1.1 trillion) based on list prices.
“Given each A330ceo makes roughly 20 million euros in profit, this would represent about 5 percent more (in earnings before interest and tax)”, RBC Capital Markets analyst Rob Stallard said in a note.
But he said even if aircraft markets turned softer, Airbus would be “resilient” because of its record order book.
Company revenues were reported at EUR64 billion. Defense and space order intake totaled €14.4 billion ($15.8 billion), up 15 percent, while year-end backlog was €42.9 billion ($47.2 billion), again unchanged from 12 months earlier. Boeing, by contrast, said January 27 that deliveries could drop by 22 from last year’s record tally of 762, sending the stock to its steepest drop since October 2001.
On the commercial-aircraft side, Enders conceded that problems with Pratt & Whitney PW1100G-JM geared turbofan engines have led Airbus to invoke contingency plans that involve swapping A320Neo and Ceo production slots without disrupting final-assembly schedules.
In the recent past, Airbus halted production of its A330 model; however, the manufacturer received a major boost when Iran agreed to purchase 45 A330 models worth $25 billion from it. In addition, Airbus plans to hand over more than 650 planes in 2016, up from 635 in 2015, with output of the most recent A350 wide-body more than tripling to 50 planes.
The company plans to halve output of the 747 this year and assemble the first re-engined 737 Max jets at a slower pace. “Then it will be a victor for customers”, said Enders.
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European plane-maker Airbus has said it will step up production of its new A350 aircraft – which could be good news for Wolverhampton’s thriving aerospace sector which supplies parts and services for the widebody passenger jet.
