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Airbus Group revenues increased six percent to €64.5 billion

Staff writer |
Airbus Group order intake in 2015 was €159 billion (2014: €166 billion), with the order book value reaching a record €1,006 billion as of December 31, 2015 (year-end 2014: €858 billion).

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Airbus received 1,080 net commercial aircraft orders (2014: 1,456 net orders), including 136 A330s. The 2015 gross orders of 1,190 aircraft included three A380s for new customer ANA.

After 50 governmental helicopter cancellations, Airbus Helicopters received 333 net orders (2014: 369 units) including 107 H145s and 36 H175s. Order intake by value rose 18 percent at Airbus Defence and Space, with bookings including 14 additional A330 MRTTs and five telecommunications satellites.

During the year, an agreement was also signed with OneWeb for 900 small telecommunications satellites.

Group revenues increased six percent to €64.5 billion (2014: €60.7 billion). This was mainly driven by Commercial Aircraft which registered an eight percent rise in revenues on higher deliveries of 635 aircraft (2014: 629 units), including 14 A350 XWBs, and the strengthening U.S. dollar.

Despite lower overall deliveries of 395 units (2014: 471 units), Helicopters’ revenues rose four percent and mainly reflected a higher level of services activities.

Defence and Space’s revenues were broadly stable despite the de-consolidation of launcher revenues with the creation of the Airbus Safran Launchers Joint Venture’s first phase. A total of 11 A400M military transport aircraft were delivered in 2015.

Group EBIT before one-off – an indicator capturing the underlying business margin by excluding material non-recurring charges or profits caused by movements in provisions related to programmes and restructurings or foreign exchange impacts – rose to €4,132 million (2014: €4,066 million) with increases in all Divisions compensating the lower Dassault Aviation contribution.

Commercial Aircraft’s EBIT before one-off rose 10 percent to €2,780 million (2014: €2,529 million), reflecting a solid operational performance that included the A380 breakeven and cost control. Helicopters’ EBIT before one-off increased to €427 million (2014: €413 million), as lower deliveries were compensated by higher services activities, a favourable mix and progress on the Division’s transformation plan.

Defence and Space’s EBIT before one-off rose 15 percent to €1,060 million (2014: €920 million), driven by strong programme execution across all business lines and progress with its transformation plan.

Group self-financed R&D expenses totalled €3,460 million (2014: €3,391 million).

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