Headline figures: Airbus posted flat Q1 revenues at €12.18bn, up 1%, while EBIT before one-offs fell 23% to €501m from €651m. Reported EBIT was €136m lower, impacted by PDP mismatches/balance revaluations at Airbus commercial. FCF generation was a negative €3bn mainly due to the heavily H2 aircraft delivery profile at Airbus commercial but also almost certainly from the lack of deliveries of A400 (just two in Q1 despite the original target of 20 for 2016). Divisional
28 Apr 2016
Good and bad news to be delivered in H2
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Good and bad news to be delivered in H2
Airbus SE (AIR:WBO) | 0 0 2.7% | Mkt Cap: 73,784m
- Published:
28 Apr 2016 -
Author:
Thomas Picherit -
Pages:
3
Headline figures: Airbus posted flat Q1 revenues at €12.18bn, up 1%, while EBIT before one-offs fell 23% to €501m from €651m. Reported EBIT was €136m lower, impacted by PDP mismatches/balance revaluations at Airbus commercial. FCF generation was a negative €3bn mainly due to the heavily H2 aircraft delivery profile at Airbus commercial but also almost certainly from the lack of deliveries of A400 (just two in Q1 despite the original target of 20 for 2016). Divisional