Amsterdam, the Netherlands, 20 February 2025 – Airbus SE (stock exchange symbol: AIR) reported consolidated Full-Year (FY) 2024 financial results and provided guidance for 2025.
CEO Statement
“We achieved strong order intake across all businesses in 2024, with a book-to-bill well above 1, confirming the solid demand for our products and services. We delivered on our 2024 guidance in what was a testing year for Airbus,” said Guillaume Faury, Airbus Chief Executive Officer. “We refocused our efforts on key priorities, notably the production ramp-up and the transformation of Defence and Space. We continue to pursue profitable growth and our decarbonisation ambition. The 2024 financial results and the level of confidence we have in our future performance support our proposal for an increased dividend.”
Order Intake and Backlog
- Commercial Aircraft: Gross orders of 878 (2023: 2,319), with 826 net orders after cancellations (2023: 2,094).
- Order Backlog: 8,658 commercial aircraft at year-end 2024.
- Helicopters: 450 net orders (2023: 393), with a book-to-bill ratio above 1 in units and value.
- Defence & Space: Order intake increased to a record €16.7 billion (2023: €15.7 billion), with a book-to-bill of 1.4. Notable orders included 25 additional Eurofighter jets for Spain.
Financial Performance
- Consolidated Order Intake: €103.5 billion (2023: €186.5 billion).
- Consolidated Order Book: Valued at €629 billion at year-end 2024 (2023: €554 billion).
- Revenue Growth: €69.2 billion, up 6% YoY (2023: €65.4 billion).
- Commercial Aircraft Deliveries: 766 aircraft (2023: 735).
- Helicopters Revenue: €7.9 billion, up 8%, with 361 units delivered (2023: 346).
- Defence & Space Revenue: €12.1 billion, up 5%, driven by Air Power business.
- EBIT Adjusted: €5,354 million (2023: €5,838 million).
- Net Income: €4,232 million (2023: €3,789 million), with reported earnings per share of €5.36 (2023: €4.80).
- Free Cash Flow Before Customer Financing: €4,463 million (2023: €4,532 million).
- Net Cash Position: €11.8 billion at year-end 2024 (2023: €10.7 billion).
Production and Supply Chain Updates
- A320 Family: Ramp-up towards 75 aircraft per month by 2027.
- A330: Stabilized at around rate 4 per month.
- A350 & A220: Facing supply chain challenges with Spirit AeroSystems.
- A350: Target rate 12 in 2028, with freighter entry-into-service in H2 2027.
- A220: Target 14 aircraft per month by 2026.
Segment-Specific EBIT Adjusted
- Commercial Aircraft: €5,093 million (2023: €4,818 million).
- Helicopters: €818 million (2023: €735 million).
- Defence & Space: €-566 million (2023: €229 million), impacted by €1.3 billion in Space programme charges.
A400M Programme
- Net charge of €121 million due to updated contract assumptions.
- Continued risk assessment on technical qualification costs and aircraft orders.
Dividend Proposal
The Board of Directors will propose to the 2025 Annual General Meeting (April 15, 2025):
- Dividend of €2.00 per share (2023: €1.80).
- Special dividend of €1.00 per share (2023: €1.00).
- Proposed payment date: 24 April 2025.
2025 Outlook
Assuming no additional disruptions to global trade, supply chains, or air traffic, Airbus targets for 2025:
- Around 820 commercial aircraft deliveries.
- EBIT Adjusted of approximately €7.0 billion.
- Free Cash Flow before Customer Financing of approximately €4.5 billion.
Impact of Spirit AeroSystems Integration
- EBIT Adjusted: Expected to be broadly neutral.
- Free Cash Flow before Customer Financing: Estimated mid triple-digit negative impact.
- Net Cash Position: Expected to remain broadly neutral, with compensation from Spirit AeroSystems offsetting financial impacts.
Airbus remains committed to operational excellence, sustainable aviation, and long-term profitable growth.
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