PARIS (Reuters) – The European Airbus aircraft manufacturer reported on Wednesday of a profit before interest and adjusted taxes greater than expectations for the first quarter and confirmed its objectives for 2025, while stressing that it was too early to measure the impact of customs duties.
The largest aeronautical manufacturer in Europe has announced a profit before interest and adjusted taxes (EBIT), key indicator, of 624 million euros for the three months until the end of March. The turnover, up 6%, stood at 13.5 billion euros.
Defense carried, the adjusted Ebit and sales are therefore superior to the expectations of a consensus of analysts compiled by Airbus, which anticipated them at 602 million euros and 12.95 billion euros respectively.
Airbus has confirmed its objectives for 2025, which exclude the impact of potential customs duties. The aircraft manufacturer plans to deliver approximately 820 commercial aircraft, and aims for an adjusted Ebit around 7 billion euros.
Regarding customs duties, “we follow and carefully assess the situation, but it is too early to quantify the impact today,” said Managing Director Guillaume Faury in a statement published on Wednesday.
These forecasts, on the other hand, include the consequences of the integration of certain parts of its supplier Spirit Aerosystems.
The activities related to commercial aircraft made a stable contribution to the EBIT adjusted to 494 million euros, against 507 million euros in the first quarter of 2024.
“Specific challenges in supply chains, in particular with Spirit Aerosystems, are currently under pressure the development of the A350 and the A220,” notes the group in its press release.
Last week, Airbus finalized the agreement to use certain industrial sites of Spirit Aerosystems, which manufacture a crucial part of the fuselage of its long-haul A350s and the wings of its A220 medium-haul.
This finalization, much awaited and announced since July 2024, completes the division of this supplier, in financial difficulties, by Airbus and its American competitor Boeing.
(Written by Florence Lève and Tim Hepher, edited by Augustin Turpin)
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