DGAP-Adhoc
Airbus Group Reports Half-Year (H1) 2016 Results
Airbus Group SE / Key word(s): Half Year Results
27.07.2016 06:59
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc release, 27 July 2016
Airbus Group Reports Half-Year (H1) 2016 Results
- Robust and diversified commercial backlog supporting ramp-up
- H1 financials driven by back-loaded aircraft delivery schedule
- Revenues EUR 29 billion; EBIT* before one-off EUR 1.7 billion;
Earnings per share EUR 2.27
- Significant progress on strategy to focus on core activities with
material capital gains
- A400M and A350 XWB programme charges recognised in Q2 2016
- 2016 guidance confirmed**
Airbus Group SE (stock exchange symbol: AIR) reported half-year 2016
results and confirmed its guidance for the full year**.
"The first-half underlying financial performance reflects our well-flagged
back-loaded aircraft delivery schedule this year," said Tom Enders, Airbus
Group Chief Executive Officer.
"We continue to see good demand for our products as shown by the brisk
order intake at the Farnborough Airshow, with the production ramp-up
supported by our robust and diversified commercial backlog. Our operational
focus remains squarely on the A320 and A350 ramp-ups and transition to the
new engine version of the A320. Unfortunately, we have to cope with new
charges on the A400M and A350 programmes. Significant capital gains from
the portfolio reshaping mitigated these programme losses but that does not
make them more acceptable! Industrial efficiency and the stepwise
introduction of the A400M's military functionalities are still lagging
behind schedule and remain challenging. But we are making good progress and
the A400M, servicing already five air forces with its impressive
performance, proves more and more to be an exceptional aircraft. In the
second quarter, we successfully finalised the Airbus Safran Launchers Joint
Venture and exited from Dassault Aviation. In summary, despite our near
term challenges, we remain committed to delivering our earnings and cash
growth story."
Group order intake(1) in the first six months of 2016 was EUR 39.1 billion
(H1 2015: EUR 53.9 billion), with the order book(1) value totalling EUR 978
billion as of 30 June 2016 (year-end 2015: EUR 1,006 billion). The order
book of Airbus Defence and Space decreased by EUR 4.6 billion due to
perimeter changes.
Airbus received 183 net commercial aircraft orders (H1 2015: 348 net
orders) with gross orders of 227 aircraft including 27 A350 XWBs. The
Airbus Group Reports Half-Year (H1) 2016 Results
- Robust and diversified commercial backlog supporting ramp-up
- H1 financials driven by back-loaded aircraft delivery schedule
- Revenues EUR 29 billion; EBIT* before one-off EUR 1.7 billion;
Earnings per share EUR 2.27
- Significant progress on strategy to focus on core activities with
material capital gains
- A400M and A350 XWB programme charges recognised in Q2 2016
- 2016 guidance confirmed**
Airbus Group SE (stock exchange symbol: AIR) reported half-year 2016
results and confirmed its guidance for the full year**.
"The first-half underlying financial performance reflects our well-flagged
back-loaded aircraft delivery schedule this year," said Tom Enders, Airbus
Group Chief Executive Officer.
"We continue to see good demand for our products as shown by the brisk
order intake at the Farnborough Airshow, with the production ramp-up
supported by our robust and diversified commercial backlog. Our operational
focus remains squarely on the A320 and A350 ramp-ups and transition to the
new engine version of the A320. Unfortunately, we have to cope with new
charges on the A400M and A350 programmes. Significant capital gains from
the portfolio reshaping mitigated these programme losses but that does not
make them more acceptable! Industrial efficiency and the stepwise
introduction of the A400M's military functionalities are still lagging
behind schedule and remain challenging. But we are making good progress and
the A400M, servicing already five air forces with its impressive
performance, proves more and more to be an exceptional aircraft. In the
second quarter, we successfully finalised the Airbus Safran Launchers Joint
Venture and exited from Dassault Aviation. In summary, despite our near
term challenges, we remain committed to delivering our earnings and cash
growth story."
Group order intake(1) in the first six months of 2016 was EUR 39.1 billion
(H1 2015: EUR 53.9 billion), with the order book(1) value totalling EUR 978
billion as of 30 June 2016 (year-end 2015: EUR 1,006 billion). The order
book of Airbus Defence and Space decreased by EUR 4.6 billion due to
perimeter changes.
Airbus received 183 net commercial aircraft orders (H1 2015: 348 net
orders) with gross orders of 227 aircraft including 27 A350 XWBs. The
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