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Airbus: Announces lower sales in the quarter, expects higher profits in 2022

Airbus said it expects higher aircraft profits and deliveries this year after lower sales in the fourth quarter due to fewer commercial aircraft deliveries.

The European aircraft manufacturer expects to deliver 720 commercial aircraft this year, more than 611 in 2021, while targeting adjusted EBIT 5.5 billion euros, up from 4.87 billion euros last year.

Cash flows before mergers and acquisitions and customer financing are around 3.5 billion Euros in 2022.

Airbus recorded net profits of 1.58 billion euros in the fourth quarter compared to 1.55 billion euros in the same period last year.

Revenue fell 14% to 16.99 billion euros, due to fewer aircraft deliveries as well as lower revenues from the helicopter and defense unit.

Adjusted EBIT decreased by 18% to 1.5 billion Euros. The company announced that it will propose a dividend of 1.5 euros per share for 2021.

Also, cash flows before mergers and acquisitions at the end of 2021 amounted to 3.52 billion Euros.

Source: Capital

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