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Airbus profit climbs on record plane deliveries

Staff Writer |
Airbus reported 2017 financial results. It overachieved on its 2017 guidance for all key performance indicators, driven by a strong underlying performance.

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Order intake increased to €158 billion (2016: €134 billion) with the order book valued at €997 billion as of 31 December 2017 (year-end 2016: €1,060 billion).

A total of 1,109 net commercial aircraft orders were received (2016: 731 aircraft), with a book-to-bill ratio of 1.5. The backlog by units reached a record year-end level of 7,265 commercial aircraft.

Net helicopter orders totalled 335 units (2016: 353 units), including 48 Super Puma Family rotorcraft and 17 H175s. By value in euros, the book-to-bill ratio in Helicopters was around 1.

At Defence and Space, good momentum was seen in military aircraft with the order intake including 22 light and medium transport aircraft, five A330 MRTT tankers and the Eurofighter contract with Kuwait.

Two all-electric telecommunication satellites were booked in the fourth quarter despite a soft market environment. Defence and Space’s perimeter changes had a negative impact of €1.9 billion on the order book and €1.5 billion on order intake.

Revenues were stable at €66.8 billion (2016: €66.6 billion) with higher aircraft deliveries offset by a reduction in revenues of around €2 billion from the perimeter changes.

Commercial Aircraft revenues rose by 3.5 percent with record deliveries of 718 aircraft (2016: 688 aircraft) comprising 558 A320 Family, 78 A350 XWBs, 67 A330s and 15 A380s. Helicopters’ revenues were slightly lower with deliveries of 409 units (2016: 418 units).

Revenues at Defence and Space reflected the Division’s perimeter changes of around €1.7 billion but were seven percent higher on a comparable basis driven mainly by military aircraft.

EBIT Adjusted – an alternative performance measure and key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses – increased to €4,253 million (2016: €3,955 million).

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