DGAP-Adhoc

Airbus Group N.V.: Airbus Group Shows Continued Progress In Half-Year (H1) 2014 Results - Seite 2

including five additional A380s compared to a year earlier. Airbus
Helicopters' revenues rose eight percent as deliveries increased to 200
units (H1 2013: 190 units) including the NH90 ramp up. At Airbus Defence
and Space, satellite launches in the second quarter included the Earth
observation satellite Spot 7.

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 - improved to
EUR 1,769 million (H1 2013: EUR 1,614 million(1)). It included a capital
gain of EUR 60 million from the sale of the Paris Headquarters building.
EBIT* before one-off for Airbus rose to EUR 1,287 million (H1 2013: EUR
1,231 million(1)), reflecting operational improvement but was weighed down
by A350 XWB support costs and a more front-loaded research and development
(R&D) expense profile compared to 2013. EBIT* before one-off at Airbus
Helicopters rose to EUR 150 million (H1 2013: EUR 128 million), reflecting
the Super Puma recovery and services activities. Airbus Defence and Space's
EBIT* before one-off was stable at EUR 223 million (H1 2013: EUR 216
million(1)). The Group EBIT* before one-off return on sales was 6.5 percent
(H1 2013: 6.3 percent).

The A350 XWB programme is on track for certification in the third quarter
of 2014 and
entry-into-service by year-end. All five development aircraft are now
flying with more than
2,250 flight test hours accumulated. The first A320neo is being prepared
for the first flight in September with the programme on track for
entry-into-service in the fourth quarter of 2015. Entry-into-service for
the A330neo is scheduled for the final quarter of 2017.
At Airbus Helicopters, the EC175 programme is progressing towards
entry-into-service in the fourth quarter of 2014. Airbus Defence and
Space's restructuring plan is progressing and on track. After the delivery
of Turkey's first aircraft in April and France's third in late July, the
A400M programme enters in progressive enhancement with military capability
with some delays incurred. The sequence of progressive enhancements is
under final negotiation with customers. Risks related to the cost envelope
and military functionality are being closely monitored. Airbus Group and
Safran agreed in June to create a 50:50 joint venture to improve
competitiveness in the space launcher segment. As part of a portfolio
review, Airbus Group continues to pursue disposal options for its
investment in Dassault Aviation.

Reported EBIT*(3) increased 24 percent to EUR 1,839 million (H1 2013: EUR
1,478 million(1))