Airbus Group reported robust first quarter 2015 results with improved cash flow and confirmed its full year guidance. Group order intake in the quarter was €21bn (Q1 2014: €21bn), with the order book value rising to €955bn as of March 31st, 2015 (year-end 2014: €858bn) taking into account a positive revaluation linked to the strengthening of the US dollar. Airbus received 101 net commercial aircraft orders in the quarter (Q1 2014: 103 net orders), including 34 A330 Family aircraft. Airbus Helicopters received 86 net orders (Q1 2014: 78 units), including 49 H145s and 19 H175s, while in April the H225M Caracal was preselected by Poland for the test phase of its multi-role military helicopter tender. Order intake by value at Airbus Defence and Space rose 16%, with good momentum seen for military aircraft including seven light and medium transport aircraft. Group revenues totalled €12.1bn (Q1 2014: €12.6bn), mainly reflecting the phasing of deliveries at Commercial Aircraft which are expected to be back-loaded in 2015, especially for the A350 XWB and A380. A total of 134 commercial airplanes were delivered (Q1 2014: 141 units), including one A350 XWB and four A380s. Commercial Aircraft’s revenues totalled €8.6bn with favourable foreign exchange mitigating the lower delivery volume. Net income increased by 80% to €792m (Q1 2014: €439m), while earnings per share (EPS) rose by the same amount to €1.01 (Q1 2014: €0.56). The finance result was € -366m (Q1 2014: €-107m) and included negative one-offs of €229m from foreign exchange revaluation linked to the weakening of the euro.
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Airbus Group reports robust first quarter 2015 results
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