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Airplanes and helicopters. Airbus reports 1Q 2021 results

125 commercial aircraft delivered in a market environment that remains uncertain

Airbus reported consolidated financial results for its First Quarter (Q1) ended 31 March 2021.

The highlights are:

125 commercial aircraft delivered in a market environment that remains uncertain 

Strong focus on cost and cash containment; progress on restructuring

Revenues € 10.5 billion; EBIT Adjusted € 0.7 billion

EBIT (reported) € 0.5 billion; EPS (reported) € 0.46

Free cash flow before M&A and customer financing € 1.2 billion, including positive phasing impact

Net cash position at € 5.6 billion

The guidance issued in February 2021 remains unchanged

Gross commercial aircraft orders totalled 39 (Q1 2020: 356 aircraft) and included 38 single-aisle aircraft. After cancellations, net commercial aircraft orders were -61 (Q1 2020: 290 aircraft) with the order backlog comprising 6,998 aircraft on 31 March 2021. 

Airbus Helicopters booked 40 net orders (Q1 2020: 54 units), including 2 Super Puma Family rotorcraft and 1 H-160 helicopter. 

Airbus Defence and Space’s order intake by value was € 2.0 billion (Q1 2020: € 1.7 billion) and included major contract wins in Space Systems and recurring services orders in Military Aircraft.

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AVIONEWS - World Aeronautical Press Agency
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