Airbus Group posts nine-month 2016 results

Airbus Group reported nine-month 2016 results which reflect the ongoing ramp-up and transition from current to new aircraft
models (NEO). Group order intake in the first nine months of 2016 was €73.2bn (9m 2015: €111.9bn), with the order book value totalling €986bn as of 30 September 2016 (year-end 2015: €1,006bn). Airbus received 380 net commercial aircraft orders (9m 2015: 815 net orders) with gross orders of 566 aircraft including 35 A350 XWBs and 14 A330neos. In the third quarter alone, 250 gross orders were booked for A320neo (new engine option) Family aircraft. Airbus Helicopters received 211 net orders (9m 2015: 181 net orders), including 47 H145s and 42 H135s. In August, an agreement was announced by Kuwait for 30 H225M Caracal helicopters. Group revenues were stable at €42.7bn (9m 2015: €43.0bn). Revenues at Commercial Aircraft reflected higher A350 and A320 volumes but lower A330s and were supported by the more favourable US dollar environment. In all, 462 commercial aircraft were delivered (9m 2015: 446 aircraft). Group EBIT before one-off amounted to €2,415m (9m 2015: €2,804m). Commercial Aircraft’s EBIT before one-off was €1,838m (9m 2015: €2,226m), driven by the lower A330 rate, delivery profile, transition pricing on A330 and A320, and higher ramp-up costs, while research and development (R&D) costs decreased. In Helicopters, EBIT before one-off was €200m (9m 2015: €241m), burdened by an unfavourable mix and lower commercial flight hours in services as well as the H225 accident in Norway and some campaign costs. Net income was €1,811m (9m 2015: €1,900m) with earnings per share of €2.34 (9m 2015: €2.42). The finance result was €-342m (9m 2015: €-536m).