Airbus revenues increased six percent to € 43 billion
Airbus received 815 net commercial aircraft orders (9m 2014:791 net orders), including 87 A330 Family aircraft. The full year target of a book-to-bill ratio above 1 is now secured. Airbus Helicopters received 181 net orders (9m 2014: 208 units) after 50 governmental helicopter cancellations. New orders included 38 H175s and 67 H145s.
Order intake by value rose three percent at Airbus Defence and Space, with third quarter bookings including additional satellites and four A330 MRTTs for South Korea.
Group revenues increased six percent to € 43.0 billion (9m 2014: € 40.5 billion), reflecting the strengthening U.S. dollar and a favourable mix at Airbus.
Revenues at Commercial Aircraft rose eight percent with 446 aircraft delivered (9m 2014: 443 units), including 19 A380s and five A350 XWBs. Despite lower overall deliveries of 237 units (9m 2014: 295 units), Helicopters’ revenues rose four percent due mainly to higher government programme and services activity.
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.
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 eight percent to € 2,804 million (9m 2014: € 2,590 million).
Commercial Aircraft’s EBIT* before one-off rose 25 percent to € 2,226 million (9m 2014: € 1,780 million), driven by operational improvement with a strong contribution from the A380 programme. It also reflected some favourable cost phasing, including research & development (R&D) and A350 support costs.
Helicopters’ EBIT* before one-off was € 241 million (9m 2014: € 241 million), with lower deliveries and unfavourable mix offset by services activity and progress on the transformation plan. Defence and Space’s EBIT* before one-off increased to € 431 million (9m 2014: € 370 million), driven by good programme execution and its transformation plan.
Group self-financed R&D expenses decreased to € 2,287 million (9m 2014: € 2,376 million). ■