Airbus Group publishes results for 2014

By Bjorn Fehrm

Feb 27 2015: Airbus Group has released its 2014 results before a press conference in Munich later today. The group which is active in civil airliners, helicopters, defense and space posted the following results:

  • Revenue increased 5% to € 60.7 billion
  • Earnings before interest and tax increased 54% to € 4.0 billion, return on sales was 6.4%
  • Earnings per share up 61% to € 2.99 after A400M charge
  • Free cash flow of € 2.0 billion whereof € 0.9 billion from divestments
  • Dividend up to € 2.10 per share from € 0.75
  • Production rate of A320 raised to 50 per month from Q1 2017,
    UPDATE from press conference; Airbus is studying rate 60.
  • Production rate of A330 further reduced to 6 per month from Q1 2016

Airbus group has a civil aviation side which is generating record sales and deliveries, it constitutes the majority of an annual order intake of € 166.4 billion and backlog is at € 857.4 billion. Problem area is defense where the A400M delays caused a charge of € 551 million, revised delivery schedules and functionality commitments are in negotiation with customers.

Airbus helicopters is experiencing a bleak year with deliveries down from 497 to 471 units, revenues increased slightly with 4% mainly due to military deliveries, the civil side is weak in a down market. EBIT was € 417 million.

Only positive area in Defense and Space is space which contributed to a stable EBIT at € 920 million.

More from the press conference in a couple of hours.

3 Comments on “Airbus Group publishes results for 2014

  1. It seems development costs of A350, A320NEO and A400M mostly being absorbed and A380 being stable helped a lot.

  2. I think the dividend increase figure is a typo. From the report at the Airbus Group website: Based on EPS of € 2.99, Airbus Group’s Board of Directors will propose to the Annual General Meeting the payment of a 2014 dividend of € 1.20 per share on 3 June 2015 (FY 2013: € 0.75 per share). The record date shall be 2 June 2015.

  3. A tiny little shareholder is very happy today!The dividend is €1,20 per share!

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