Airbus has reported consolidated financial results for the half-year (H1) ended June 30, 2021.
Consolidated revenues increased 30% year-on-year to €24.6 billion (H1 2020: €18.9 billion), mainly reflecting the higher number of commercial aircraft deliveries compared to H1 2020. A total of 297 commercial aircraft were delivered (H1 2020: 196 aircraft), comprising 21 A220s, 237 A320 Family, seven A330s, 30 A350s and two A380s. Revenues generated by Airbus' commercial aircraft activities increased 42%, largely reflecting the increased deliveries. Airbus Helicopters delivered 115 units (H1 2020: 104 units) with revenues up 11%% reflecting growth in services and higher volume in civil helicopters. Revenues at Airbus Defence and Space were broadly stable compared to a year earlier, with two A400M military airlifters delivered in H1 2021.
Airbus reported consolidated net income of €2,231 million (H1 2020 net loss: €-1,919 million) with consolidated reported earnings per share of €2.84 (H1 2020 loss per share: €-2.45).
Consolidated EBIT Adjusted – an alternative performance measure and key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses – was €2,703 million (H1 2020: €-945 million).
The EBIT Adjusted related to Airbus' commercial aircraft activities totalled €2,291 million (H1 2020: €-1,307 million), mainly driven by the delivery performance and the company's focus on cost containment and competitiveness.
Airbus Helicopters' EBIT Adjusted increased to € 183 million (H1 2020: € 152 million), driven by services, program execution and lower Research & Development (R&D) spending.
EBIT Adjusted at Airbus Defence and Space increased to €229 million (H1 2020: €186 million), mainly reflecting the division's ongoing cost containment and competitiveness efforts as well as increased volume in Space Systems.
