Airbus reported consolidated financial results for its First Quarter (Q1) ending 31 March 2023.

The highlights are: 

127 commercial aircraft delivered in Q1 2023;

Revenues € 11.8 billion; EBIT Adjusted € 0.8 billion;

EBIT (reported) € 0.4 billion; EPS (reported) € 0.59;

Free cash flow before M&A and customer financing € -0.9 billion;

Guidance unchanged.

Gross commercial aircraft orders totalled 156 (Q1 2022: 253 aircraft), with net orders of 142 aircraft after cancellations (Q1 2022: 83 aircraft). The order backlog amounted to 7,254 commercial aircraft at the end of March 2023. 

Airbus Helicopters registered 39 net orders (Q1 2022: 56 units) which were well spread across programmes. 

Airbus Defence and Space’s order intake by value was € 2.5 billion (Q1 2022: € 3.2 billion).