Airbus reports consolidated net income of €362 million in first quarter 2021

Airbus has released that gross commercial aircraft orders totaled 39 (Q1 2020: 356 aircraft) and included 38 single-aisle aircraft in the first quarter of 2021. After cancellations, net commercial aircraft orders were -61 (Q1 2020: 290 aircraft) with the order backlog comprising 6,998 aircraft as at March 31, 2021. Airbus Helicopters booked 40 net orders (Q1 2020: 54 units), including two Super Puma-family rotorcraft and one H160. Airbus Defence and Space’s order intake by value was €2.0 billion (Q1 2020: €1.7 billion) and included major contract wins in Space Systems and recurring services orders in military aircraft.

Consolidated revenues were broadly stable year-on-year at €10.5 billion (Q1 2020: €10.6 billion). A total of 125 commercial aircraft were delivered (Q1 2020: 122 aircraft), comprising nine A220s, 105 A320 Family, one A330 and ten A350s. Revenues generated by Airbus’ commercial aircraft activities decreased by 4%, mainly reflecting lower volume in services. Airbus Helicopters delivered 39 units (Q1 2020: 47 units) with revenues reflecting lower volume in civil helicopters, partly offset by growth in services. Revenues at Airbus Defence and Space were stable compared to a year earlier.

Consolidated EBIT Adjusted increased to €694 million (Q1 2020: €281 million). Consolidated EBIT (reported) amounted to €462 million (Q1 2020: €79 million), including adjustments totaling a net €-232 million. 

The financial result was €59 million (Q1 2020: €-477 million). It mainly reflects the revaluation of financial instruments and the evolution of the US dollar as well as €43 million from the revaluation of the Dassault Aviation equity stake, partly reduced by the net interest result of €-82 million. Consolidated net income was €362 million (Q1 2020 net loss: € -481 million) with consolidated reported earnings per share of €0.46 (Q1 2020 loss per share: € -0.61). (€1.00 = US$1.20 at time of publication.)