Airbus (AIR) Q4 2024 (Media) earnings summary

Executive summary

• Delivered 766 commercial aircraft in FY 2024, achieving guidance and demonstrating strong operational execution.

• Revenues rose to €69.2 billion, up 6% year-over-year, with EBIT Adjusted at €5.4 billion and Net Income at €4.2 billion.

• Strong order intake across all business segments, with a book-to-bill ratio above 1 and a record backlog of 8,658 aircraft valued at €629 billion.

• Proposed ordinary dividend of €2.00 per share and a special dividend of €1.00 per share, reflecting confidence in future performance.

• Maintained robust net cash position of €11.8 billion at year-end.

Financial highlights

• 2024 revenues reached €69.2 billion, up 6% year-over-year, driven by higher commercial aircraft and helicopter deliveries.

• EBIT Adjusted was €5.4 billion, down from €5.8 billion in 2023, mainly due to €1.3 billion in charges related to space programs.

• Net income for 2024 was €4.2 billion, with earnings per share of €5.36.

• Free cash flow before customer financing was €4.5 billion, supported by strong deliveries and pre-delivery payments.

• Gross cash position at year-end was €26.9 billion; net cash position €11.8 billion.

Outlook and guidance

• 2025 targets: around 820 commercial aircraft deliveries, EBIT Adjusted of ~€7.0 billion, and free cash flow before customer financing of ~€4.5 billion.

• Guidance assumes no major disruptions to global trade, supply chain, or internal operations, and includes preliminary impacts from Spirit AeroSystems integration.

• Integration of Spirit AeroSystems work packages expected to be EBIT Adjusted neutral but mid triple-digit negative for free cash flow before customer financing.