EQS-Adhoc: Airbus provides 2024 guidance update 

24.06.24 19:05 Uhr

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EQS-Ad-hoc: Airbus SE / Key word(s): Forecast
Airbus provides 2024 guidance update 

24-Jun-2024 / 19:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc release, 24 June 2024

 

Airbus provides 2024 guidance update 
 

  • Charges of around € 0.9bn reported on certain telecommunications, navigation and observation space programmes
  • A320 ramp-up trajectory adjusted to reflect specific supply chain challenges in a degraded operating environment; around 770 commercial aircraft deliveries now expected in 2024; target production rate of 75 A320 Family aircraft a month maintained and now expected to be reached in 2027
  • 2024 guidance updated

 

Airbus SE (stock exchange symbol: AIR) is providing a market update to report on new developments related to its space activities and commercial aircraft business, the impact of which is leading the Company to update its 2024 guidance.

 

In the first half of 2024, the Space Systems management team conducted an extensive technical review of all programmes, identifying further commercial and technical challenges. On that basis, the Company has decided to record charges of around € 0.9bn in the H1 2024 accounts. These are mainly related to updated assumptions on schedules, workload, sourcing, risks and costs over the lifetime of certain telecommunications, navigation and observation programmes.

 

In commercial aircraft, Airbus is facing persistent specific supply chain issues mainly in engines, aerostructures and cabin equipment. The Company now intends to deliver around 770 commercial aircraft in 2024 and continues to ramp up towards a rate of 75 A320 Family aircraft per month, which is now expected in 2027.

 

Accordingly, Airbus is updating its 2024 guidance. 

 

As the basis for its updated 2024 guidance, the Company assumes no additional disruptions to the world economy, air traffic, the supply chain, the Company’s internal operations, and its ability to deliver products and services.

 

The Company’s 2024 guidance is before M&A.

 

On that basis, in 2024, the Company now targets to achieve:

  • Around 770 commercial aircraft deliveries;
  • EBIT Adjusted of around € 5.5 billion;
  • Free Cash Flow before Customer Financing of around € 3.5 billion.

 

The Company’s half-year results will be disclosed on 30 July 2024.

 

Note to editors: An analyst call will be held on 24 June 2024 at 19h45 CEST Paris time. The call can be followed via the Airbus website at https://www.airbus.com/en/investors. The analyst call presentation will also be made available on our website. A recording will be made available in due course.

 

Contacts for the media:

Guillaume Steuer
Airbus
+33 (0) 6 73 82 11 68
Sara Ricci
Airbus
+33 (0) 6 42 65 26 17    
Martin Agüera
Defence and Space
+49 (0) 175 227 4369
Justin Dubon
Airbus
+33 (0) 6 74 97 49 51
Philippe Gmerek
Airbus
+33 (0) 6 13 19 37 27
 

 

 

 



End of Inside Information

24-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Airbus SE
P.O. Box 32008
2303 DA Leiden
Netherlands
Phone: 00 800 00 02 2002
Fax: +49 (0)89 607 - 26481
Internet: www.airbusgroup.com
ISIN: NL0000235190
WKN: 938914
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1931961

 
End of Announcement EQS News Service

1931961  24-Jun-2024 CET/CEST

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17.07.2024Airbus SE (ex EADS) HoldDeutsche Bank AG
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03.07.2024Airbus SE (ex EADS) NeutralUBS AG
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DatumRatingAnalyst
17.07.2024Airbus SE (ex EADS) SellJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
15.07.2024Airbus SE (ex EADS) SellJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
10.07.2024Airbus SE (ex EADS) SellJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
25.06.2024Airbus SE (ex EADS) SellJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
07.06.2024Airbus SE (ex EADS) SellJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)

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