Airbus reveals financial details from Year 2024's entire duration
Fresh Take:
Hey there! Airbus, the aviation giant (stock symbol: AIR), recently spilled the beans on their financial results for the past year –- 2024. Let's dive in!
In a nutshell, they've delivered a whopping 766 commercial aircraft, pocketing €69.2 billion in revenues, and carving out an EBIT Adjusted of €5.4 billion. Gross commercial aircraft orders totaled 878 (down from 2023's 2,319), with cancellations tallying 55, resulting in a net order of 826 aircraft. The order backlog stands at a formidable 8,658 commercial aircraft at the year's end.
The good times didn't just stop at commercial aircraft – Airbus Helicopters did a consistent dance, recording 450 net orders (up from 2023's 393), showcasing robust demand for their hardware. The same crescendo could be heard in Airbus Defence and Space's division, with a record €16.7 billion in order intake by value (up from 2023's €15.7 billion).
As they moved forward, Airbus tackle the challenges head-on, focusing on in-demand priorities like production ramp-up and the transformation of their Defence and Space sectors. They've shown no signs of slowing down, continuing on their quest for profitable growth and environmental progression.
Looking forward, they've issued guidance for 2025, targeting around 820 commercial aircraft deliveries and an EBIT Adjusted of around €7 billion. They're also aiming for a free cash flow before customer financing of around €4.5 billion.
To top it all off, Airbus has declared a 2024 dividend of €2 per share, along with a special dividend of €1 per share, bringing joy to those shareholders.
Navigating through a testing year in 2024, Airbus hasn't looked back, aiming to create value and capture opportunities in the aviation landscape. Keep an eye on these sky-rocketers as they set their sights on 2025 and beyond!
(Enrichment Data: Airbus is experiencing robust demand for their products across different sectors, targeting profitable growth and increased shareholder returns. In 2024, they delivered 766 aircraft, made 826 net orders, and increased their dividends. Looking ahead, they project substantial expansion in their EBIT and improved free cash flow in 2025.)
In light of Airbus' financial results for 2024, the robust demand for their products across different sectors presents significant opportunities for investors in the industry. With their target of 820 commercial aircraft deliveries and an EBIT Adjusted of around €7 billion in 2025, coupled with increased shareholder returns, the company's continued focus on profitable growth could make it an attractive choice for finance-minded businesses.
