Airbus Helicopters’ 2022 earnings rise €104m to €639m
Airbus Helicopters’ EBIT climbed to €639m ($683.37m) in Airbus full-year results posted today. The €104m rise on the €535m reported in 2021 reflects higher services and programme execution, according to the manufacturer.
The OEM added that non-recurring elements included the positive impact related to retirement obligations booked in the first quarter (Q1).
Overall, Airbus reported 661 commercial aircraft delivered in 2022 helping to generate revenues of €58.8bn. EBIT was adjusted up 16% to € 5.6bn and reported EBIT was €5.3bn. Earnings per share was reported at € 5.40.
Commenting on the results Guillaume Faury, CEO, Airbus said the industry continued its recovery during 2022, with air traffic increasing and airlines turning to their long-term fleet planning. “We delivered solid financials despite an adverse operating environment that prevented our supply chain from recovering at the pace we expected,” he said. “The company had to adjust its operations accordingly, which led to lower commercial aircraft deliveries than originally planned. We are adapting our production to match supply.”
For 2023, Airbus is projecting 720 commercial aircraft deliveries; EBIT adjusted of €6bn and free cash flow before mergers and acquisitions and customer financing of €3bn.
“As we move forward in 2023 we are focused on our industrial activities and the longer-term transformation of the Company. The solid 2022 financial performance and our confidence in the future lead us to propose a higher dividend payment this year,” said Faury.
Pictured is an Airbus Helicopters H125.
Airbus full-year (FY) 2022 results – at a glance
- Airbus Helicopters EBIT rose to €639m ($683.37m), up €104m on €535m reported in 2021
- 661 commercial aircraft delivered
- Airbus revenues €58.8bn
- EBIT adjusted up 16% to € 5.6bn
- EBIT reported €5.3bn
- EPS reported €5.40.