Airbus presented its consolidated financial results for 2023 while outlining its guidelines for the current year. First and foremost, gross orders for commercial aircraft soared to a total of 2,319, a substantial increase from 1,078 in 2022. Net orders reached 2,094 after cancellations (compared to 820 the previous year), contributing to a backlog of 8,598 aircraft. Airbus Helicopters also reported 393 net orders (2022: 362 units). Guillaume Faury, CEO of Airbus, expressed satisfaction with the company’s performance, highlighting the substantial influx of orders and deliveries in a complex operating environment.
The orders are valued at €186.5 billion, resulting in a consolidated backlog of €554 billion. In that vein, revenues experienced a year-on-year increase of 11%, reaching €65.4 billion. Airbus delivered a total of 735 commercial aircraft in 2023, leading to a 15% increase in revenue for this sector. Operationally, the A220 program aims for a monthly production rate of 14 aircraft by 2026. The A320 family, meanwhile, is progressing towards the production of 75 aircraft per month by 2026. In the wide-body segment, the company targets a monthly rate of four A330s in 2024 and ten A350s by 2026.
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The EBIT of Airbus reached €5.838 billion in 2023, showing a year-on-year increase. Airbus’s commercial aircraft activities contributed €4.818 billion, reflecting higher deliveries and a more favorable coverage rate. Airbus Helicopters contributed €735 million, highlighting a solid performance in programs and services. Airbus Defence and Space, finally, decreased to €229 million, mainly due to charges related to the update of estimates at the end of certain space programs. The gross cash position of the company at the end of 2023 was €25.3 billion, with a consolidated net cash position of €10.7 billion.
For 2024, Airbus aims for around 800 deliveries of commercial aircraft. Revenues are expected to range between €6.5 and €7.0 billion. The company targets a cash flow of approximately €4.0 billion, assuming no additional disruptions in the global economy, air traffic, the supply chain, internal operations, and the ability to meet obligations.
