Q3 2024 Airbus SE Earnings Call Transcript
Key Points
- Airbus SE (EADSF) reported a 5% increase in nine-month 2024 revenues, reaching EUR44.5 billion, driven by higher commercial aircraft deliveries and increased volume in the air power business.
- The company delivered 497 commercial aircraft in the first nine months of 2024, showing progress in its production ramp-up despite challenges.
- Airbus Helicopters showed solid performance with a favorable mix in programs and services, contributing to a stable EBIT adjusted despite fewer deliveries.
- The order intake for Airbus SE (EADSF) remains strong, with 667 gross orders for commercial aircraft and 308 net orders for helicopters, indicating robust demand.
- Airbus SE (EADSF) maintained its 2024 guidance, targeting around 770 commercial aircraft deliveries, an EBIT adjusted of EUR5.5 billion, and a free cash flow before customer financing of EUR3.5 billion.
- The EBIT adjusted for nine months 2024 decreased to EUR2.8 billion from EUR3.6 billion in the same period of 2023, impacted by charges in the space business and increased R&D expenses.
- Free cash flow before customer financing was negative EUR4.8 billion, primarily due to inventory buildup to support Q4 deliveries and ramp-up activities.
- The space business faced significant challenges, with EUR989 million in charges recorded in the first half of 2024, and one major program still under technical review.
- Supply chain issues, particularly with narrowbody engine suppliers, continue to pose challenges, affecting the delivery schedule and ramp-up trajectory.
- The defense and space division is undergoing a workforce adaptation plan, which includes a reduction of up to 2,500 positions by mid-2026, reflecting ongoing restructuring efforts.
Ladies and gentlemen, thank you for standing by, and welcome to the Airbus nine-months 2024 results release conference call. I am Sharon, the operator for this conference. (Operator Instructions)
At this time, I would like to turn the conference over to your host, Guillaume Faury, Thomas Toepfer, and Helene Le Gorgeu. Please go ahead.
Thank you, Sharon, and good evening, ladies and gentlemen. This is the Airbus 9 Months 2024 Results Release Conference Call. Guillaume Faury, our CEO; and Thomas Toepfer, our CFO, we'll be presenting our results and answering your questions.
This call is planned to last around one hour. This includes Q&A, which we will conduct after the presentation. This call is also webcast. It can be accessed via our homepage by clicking on the dedicated banner. Playback of this call will be accessible on the website, but there is no dedicated phone replay service.
The supporting information package was published on our website
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
