Without much surprise, Airbus Group recorded 2014 revenues, EBIT (operating profit) and a record backlog. The fundamentals of the European aerospace and defense group are strong. Revenue rose 5% to € 60.7 billion (57.6 billion in 2013), while the deferred EBIT was up 54% to € 4 billion (margin 6.7%). Despite a provision of 551 million due to delays on the A400M.Enfin program, the free cash flow was positive at EUR 2 billion, including € 900 million from asset disposals products.
“We have significantly improved profitability and cash generation in 2014 thanks to a strong operational performance and a record backlog at the end of the year, said the Group Executive Chairman of Airbus, Tom Enders, said in the statement released Friday by the group. We have delivered a number of commercial aircraft than ever before, the first A350, and our net orders represented once Moreover, more than double the number of deliveries. (…) We are mobilized to meet the various operational challenges, including ramp and costs of the A350 and A400M, the first deliveries of the A320neo, to boost sales of helicopters and continue restructuring our portfolio in the defense and space. “
strong results reflecting improved operational performance, with figures records for commercial aircraft deliveries, revenues and backlog. Thus, the net profit amounted to 2.34 billion euros (2013: 1.47 billion), with an increase in earnings per share to 2.99 euros (2013: 1.86 euro). The position of net cash end of 2014 was 9.1 billion (end 2013: € 8.5 billion) after consideration of € 587 million for the payment of the 2013 dividend and 462 million euros of contributions paid into the pension system. The gross cash position at 31 December 2014 amounted to € 16.4 billion.
Dynamic commands
Group Airbus order intake amounted to 2014-166400000000 euros (2013:.. 216.4 billion euros representing either a notebook worth 857.5 billion euros at end 2014 (680.6 billion euros at end 2013) Airbus received 1,456 net orders for commercial aircraft (2013: 1,503 net orders), with a ratio of net orders and higher deliveries (book-to-bill) to two and a 6386 equipment order backlog at the end of the year .
Helicopters Airbus order intake cover 369 units (2013: 422 units), including an adjustment in the order book of 33 NH90 The value of Cassidian order intake. increased 4%, with a strong momentum of space activities and a good level of medium and light military aircraft orders.
Perspectives on the rise
For 2015, Airbus Group expects the growth rate of the world economy and international air traffic in line with prevailing independent forecasts and the absence of a major disruption. In this context, Airbus deliveries should be slightly higher than in 2014 and an increase in commercial aircraft order backlog is expected again. In 2015, before the mergers and acquisitions (M & amp; A), Airbus Group anticipates an increase in revenue and a slight increase in EBIT before non-recurring items. The aerospace group foresees a further increase in earnings per share and dividend per share in 2015.
Based on its current outlook, Airbus Group expects industrial ramp. “Due to a high demand for single-aisle, we decided to increase the production of the A320 Family to 50 aircraft per month from the first quarter of 2017. In parallel, we have decided to temporarily reduce production six A330 aircraft per month in 2016 “ said Tom Enders. Airbus has sold more than 11,500 single-aisle aircraft and delivered over 6,400 aircraft to 317 airlines, the A320 Family. – A319, A320 and A321
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