Half Year 2024 Airbus SE Earnings Call Transcript
Key Points
- Airbus SE (EADSF) reported a 4% year-on-year increase in H1 2024 revenues, reaching EUR28.8 billion.
- The company secured 327 gross orders for commercial aircraft in the first half of the year, with a backlog of 8,585 aircraft.
- Airbus SE (EADSF) delivered 323 commercial aircraft to 65 customers in H1 2024, showing strong operational performance.
- The company recorded a significant increase in helicopter orders, with 233 net orders compared to 131 in H1 2023.
- Airbus SE (EADSF) has implemented a highly selective bid strategy and redefined internal governance to improve efficiency and profitability.
- The company recorded a EUR989 million charge in its space business due to revised project schedules and cost overruns.
- H1 2024 EBIT adjusted decreased to EUR1.4 billion from EUR2.6 billion in the first half of last year, reflecting challenges in the space business.
- Supply chain issues, particularly with engines and cabin equipment, have impacted short-term production and delivery schedules.
- The company faces continued pressure in the supply chain and a complex economic environment, affecting its ramp-up plans.
- Airbus SE (EADSF) has had to adjust its A320 ramp-up trajectory, delaying the production rate of 75 A320 aircraft per month to 2027.
Good evening, ladies and gentlemen. This is the Airbus Half Year 2024 results release conference call. Guillaume Faury, our CEO; and Thomas Toepfer, our CFO, will be presenting our results and answering your questions. (Operator Instructions)
This call is also webcast. It can be accessed via our home page by clicking on the dedicated banner. Playback of this call will be accessible on our website, but there is no dedicated phone replay service. The supporting information package was published on our website earlier today. It includes the slides which we will now take you through as well as the financial statements.
Throughout this call, we will be making forward-looking statements I invite you to refer to our safe harbor statement that appears in the presentation slides which applies to this call as well, please read it carefully.
And now over to you Guillaume.
| 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
