Airbus Helicopters boosts revenue with stable deliveries, order book up 6%
Airbus Helicopters announced financial results for 2023, reporting revenue from the helicopter segment at €7.3bn, a 4% increase year-over-year from €7bn in 2022. Deliveries rose to 346 units in 2023, compared with 344 units in the previous year.
“Airbus Helicopters’ deliveries were stable at 346 units (2022: 344 units) with revenues rising 4%, reflecting the overall performance across programmes and services,” Airbus said in a statement.
The helicopter segment received 393 net orders in 2023, up from 362 units in 2022. The book-to-bill ratio was above 1 for both units and value. However, the value of net order intake declined by 8% year-over-year to €8.6bn, compared with €9.3bn in 2022.
The Airbus helicopter segment orderbook at the end of 2023 stood at 804 units, a 6% increase from 757 units at the end of 2022. In terms of value, the total orderbook stands at €21.5bn, compared with €20.7bn in the previous year.
Higher sales resulted in adjusted EBIT from the helicopter segment increasing to €735m, compared with €639m in 2022.
Airbus said it is incurring capital development costs to achieve fleet renewal with the latest generation of aircraft, which deliver significant CO2 emissions savings compared with previous generation models. The company also said its helicopter programmes are planned to be capable of operating with 100% sustainable aviation fuel (SAF) by 2030.
Group level results
At the group level, Airbus reported consolidated revenues of €65.4bn in 2023, an 11% increase from €58.8bn in 2022. The company delivered a total of 735 commercial aircraft in 2023, up from 661 in 2022. This included 68 A220s, 571 A320 Family aircraft, 32 A330s, and 64 A350s.
Airbus’ consolidated free cash flow was €3.9bn in 2023, compared with €4.3bn in 2022. This included an outflow of €65m for mergers and acquisitions and €436m for customer financing.
The Airbus board of directors declared a dividend of €1.8 per share with a special dividend of €1 per share for the 2024 Annual General Meeting, which will be held on April 10, 2024.
