PARIS (Reuters) – Airbus proposed an exceptional dividend of 1.00 euros per share on Thursday after reporting an increase in its financial results in 2023 with record orders and increased deliveries, despite a new charge of 200 million euros in its aerospace activity.
The European plane maker said its adjusted operating profit (Ebit) rose 4% to 5.8 billion euros last year and revenue rose 11% to 65.4 billion .
It plans for this year to increase its Ebit between 6.5 and 7.0 billion euros and to deliver around 800 commercial aircraft, an objective in line with expectations despite a further postponement of the entry into service of its single-aisle A321XLR, postponed from the second to the third trimester.
Airbus is proposing a stable dividend of 1.80 euros per share for 2023, to which is added an exceptional dividend of 1.00 euros per share, its net cash having crossed the threshold of 10 billion euros previously set as the trigger potential for a return to shareholders.
The total expenses recorded in the aerospace division last year now stand at 600 million euros. This activity faces competition from American launchers and the emergence of a new generation of low-cost satellites.
Reuters reported that Guillaume Faury, Airbus’ chief executive, said in a letter to staff last month that the large and unexpected charges were “unacceptable.” The manager added, however, that it was preferable for Airbus to have a successful activity in this sector rather than to be absent.
(Written by Tim Hepher, Bertrand Boucey, edited by Kate Entringer)
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