DGAP-Adhoc

Airbus Group SE: Airbus Group Reports First Quarter (Q1) 2016 Results

Airbus Group SE / Key word(s): Quarter Results

28.04.2016 06:59

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Ad-hoc release, 28 April 2016

Airbus Group Reports First Quarter (Q1) 2016 Results

- 2016 guidance maintained, commercial aircraft order backlog robust

- Revenues EUR 12 billion; EBIT* before one-off EUR 501 million; Earnings
per share EUR 0.51

- Q1 financials driven by back-loaded delivery schedule

- Continued focus on programme ramp-up and NEO transition

Airbus Group SE (stock exchange symbol: AIR) reported first quarter 2016
results and maintained its guidance for the full year.

"2016 turns out to be the challenging year we anticipated. Overall, we
expect a stable financial performance but deliveries, cash and earnings
will be heavily loaded towards the end of the year. And that already shows
in our first quarter performance," said Tom Enders, Airbus Group Chief
Executive Officer. "Operationally, we continue to focus on the production
ramp-ups of our Airbus A350 and A320 programmes and on the change-over to
the new engine versions of the A320 and A330. On the military side, we are
now facing a serious challenge for production and customer deliveries of
the A400M due to new, unexpected issues on the engine propeller gearbox.
It's very frustrating but we'll have to work through this with our engine
partners. So, in a nutshell, despite these challenges we maintain our 2016
guidance and also our earnings and cash growth story for the coming years
based on our strong commercial order backlog and the robust, well-resourced
production ramp-ups underway."

Group order intake(1) in the quarter was EUR 7.2 billion (Q1 2015: EUR 21
billion), with the order book(1) value totalling EUR 957 billion as of 31
March 2016 (year-end 2015: EUR 1,006 billion).
Airbus received 10 net commercial aircraft orders (Q1 2015: 101 net orders)
with gross orders of
32 aircraft including 14 A330neos and two A380s for Emirates Airline.
Fourteen of the
22 cancellations in the quarter were CEO (current engine option) to NEO
(new engine option) conversions for the A320 and A330. Airbus Helicopters
received 51 net orders (Q1 2015: 86 units), including 38 Ecureuil light
rotorcraft. Order intake by value rose five percent at Airbus Defence and
Space, driven mainly by earth observation satellites and defence contracts.

Group revenues were stable at EUR 12.2 billion (Q1 2015: EUR 12.1 billion).
Despite lower deliveries of 125 aircraft (Q1 2015: 134 aircraft), revenues