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:
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.