Airbus Expects Higher Deliveries, Earnings in 2022 After 4Q Sales Fell -- Update
17 Febbraio 2022 - 08:02AM
Dow Jones News
By Olivia Bugault
Airbus SE said Thursday that it expects higher earnings and
aircraft deliveries this year after booking lower sales in the
fourth quarter as it delivered fewer commercial planes.
The European plane maker said it expects to deliver 720
commercial jets this year, up from 611 in 2021, and it is targeting
adjusted earnings before interest and taxes of 5.5 billion euros
($6.26 billion), which compares with EUR4.87 billion last year.
Free cash flow before mergers and acquisitions and customer
financing should be around EUR3.5 billion this year, it said.
Airbus posted a net profit of EUR1.58 billion in the fourth
quarter compared with EUR1.55 billion in the same period a year
earlier. Revenue fell 14% to EUR16.99 billion due to fewer plane
deliveries, as well as lower revenues at its helicopters and
defense and space divisions, it said.
Airbus's more closely watched adjusted EBIT fell 18% to EUR1.5
billion, it said.
Results beat market expectations as analysts expected revenue at
EUR16.88 billion and adjusted EBIT at EUR1.36 billion for the
quarter, according to a consensus provided by the company.
The company will propose a dividend of EUR1.5 a share for 2021,
it said. The company didn't propose a dividend for 2020.
Airbus reported free cash flow before mergers and acquisitions
and customer financing of EUR3.52 billion at the end of 2021.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
February 17, 2022 01:47 ET (06:47 GMT)
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