Airbus Q1 revenues increased 7%
Commercial Aircraft’s revenues rose 13 percent, with deliveries of 136 aircraft (Q1 2016: 125 aircraft) including a higher proportion of A350 XWBs. Helicopters’ revenues increased by 11 percent with deliveries of 78 units (Q1 2016: 56 units).
Lower revenues at Defence and Space were mainly driven by the perimeter change impact from portfolio reshaping but were stable on a comparable basis. The sale of the Defence Electronics business took place in the first quarter.
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 – totalled €240 million (Q1 2016: €498 million).
Commercial Aircraft’s EBIT Adjusted was €281 million (Q1 2016: €406 million), mainly reflecting the aircraft delivery mix, transition pricing and some higher ramp-up costs. ■