Airbus Posts Strong 2021 Finacial Results

Airbus A320neo with CFM LEAP-1A engines. Photo Credit: A. DOUMENJOU via Airbus.

LONDON – February 17, Airbus has today released its full-year (FY) 2021 financial results with revenues of €52.1 billion, an increase of 4% compared to €49.9 billion in 2020. In terms of their EBIT, this was Adjusted as €4.9 billion and Reported €5.3 billion.

Airbus Chief Executive Officer, Guillaume Faury says, “2021 was a year of transition, where our attention shifted from navigating the pandemic towards recovery and growth. Thanks to the resilience and efforts of our teams, customers, and suppliers, we delivered remarkable full-year results.”

“The strong financials reflect the higher number of commercial aircraft deliveries, the good performance of our Helicopters and Defence and Space businesses as well as our efforts on cost containment and competitiveness. “

“Record net income and our efforts to strengthen the net cash position underpin our proposal to reintroduce dividend payments going forward. At the same time, we continue to invest in our strategic priorities and in the transformation of our company.”

Despite the challenging times for air travel and with many restrictions in place, Airbus posted an order book for 771 aircraft and a delivery list of 611, with the European manufacturer delivering 50 A220s, 483 A320 family aircraft, 18 A330’s, 55 A350s, and the final five A380 superjumbos, marking the end of the aircraft’s time with Airbus.

Net orders totaled at 507 aircraft after cancellations which also saw the first Airbus A350 Freighters orders added into the mix. The order book is valued at €62 billion which increased its consolidated value to a total of €398 billion as of December 31, 2021. This was also helped by the strengthening of the US dollar.

Airbus’ consolidated free cash flow before M&A and customer financing was €3,515 million due to cash containment and a decrease in working capital. Whereas their free cash flow is €3,511 million.

As of December 31, 2021, Airbus’ gross cash position was set at €22.7 billion with a consolidated net cash position of €7.6 billion.

It has also been reported that Airbus’ employee count has decreased by 4% from 131,349 to 126,495 employees.

Airbus also outlined its plans for 2022, a year marked for the start of recovery for many airlines globally after two years of travel restrictions and struggles, with the goal being set for 720 commercial aircraft deliveries, this will predominantly be made up from backorders on widebody aircraft.

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