Airbus Q4 Earnings: Revenue Surges 8%, Order Intake Value Declines And More

Airbus SE EADSY reported fourth-quarter revenue rising 8% year-over-year to 24.716 billion euros, above the consensus of 24.567 billion euros.

EBIT Adjusted for the quarter rose by 16%, driven by higher commercial aircraft deliveries, reduced R&D expenses, and strong performance in Airbus Helicopters’ programs and services.

Earning per share was 3.07 euros, up from 1.85 euros YoY, beating the consensus of 2.43 euros.

Quarterly sales by segments: Airbus 17.767 billion euros (+9% YoY), Airbus Helicopters 3.066 billion euros (+15% YoY), and Airbus Defence and Space 4.473 billion euros (+3% YoY).

Order intake for the year fell to 103.5 billion euros (2023: 186.5 billion euros), while the order book grew to 629 billion euros (2023: 554 billion euros), driven by a book-to-bill ratio above 1 and a stronger U.S. dollar.

“We achieved strong order intake across all businesses in 2024, with a book-to-bill well above 1, confirming the solid demand for our products and services. We delivered on our 2024 guidance in what was a testing year for Airbus,” said Guillaume Faury, Airbus Chief Executive Officer.

For fiscal 2024, Consolidated revenue rose 6% YoY to 69.2 billion euros, driven by higher commercial aircraft deliveries (766 vs. 735 in 2023), with Airbus’ commercial aircraft revenue up 6% to 50.6 billion euros.

2024 Segment Performance: Airbus Helicopters’ revenue grew 8% to 7.9 billion euros with 361 deliveries (2023: 346), while Airbus Defence and Space revenue increased 5% to 12.1 billion euros, supported by Air Power, with seven A400M deliveries.

Airbus stated that the A320 Family ramp-up continues, targeting 75 aircraft per month by 2027, while A330 production stabilizes at four per month. Supply chain challenges, especially with Spirit AeroSystems, are impacting A350 and A220 ramp-ups.

The A350 targets 12 per month by 2028, with its freighter variant now expected in H2 2027, while the A220 aims for 14 per month in 2026.

The company recorded a 121 million euro charge for the A400M program due to contract updates and production risks. The company is evaluating order impacts on manufacturing, while technical qualification risks remain stable from 2023.

Dividend: The company stated that its Board will propose a 2.00 euro per share dividend and a 1.00 euro special dividend for 2024, with payment set for April 24, 2025, pending approval at the April 15 AGM.

The company expects no major disruptions to trade, economy, air traffic, supply chain, or operations, excluding potential new tariffs. Spirit AeroSystems integration impact is factored in, assuming a July 1, 2025, closing.

2025 Outlook: Airbus aims for ~820 commercial aircraft deliveries, ~7.0 billion euros in EBIT Adjusted, and ~ 4.5 billion euros in Free Cash Flow before Customer Financing.

Also Read:

• Trump Considers Alternatives For Air Force One Planes Besides Boeing, Says He’s ‘Not Happy,’ But Dismisses Airbus

Photo via Shutterstock.