🔢
2025 - Annual figures (FY 2025)
✈️ Sales:
- €73.4 billion (+6% YoY)
➡️ Growth despite supply chain challenges 📈
📈 EBIT (Adjusted):
- €7.1 bn (+33% YoY)
➡️ Strong increase in operating profit
🧾 Net result:
- €5.22 bn (+23% YoY)
- EPS: €6.61 (versus €5.36)
🛫 Q4 2025 profit & sales:
- Sales +5% to €25.98 bn.
- Adjusted EBIT +17% to €2.98 billion.
- Q4 EPS: €3.27 (+7% YoY)
📦 Order book:
- Order Intake: €123.3 bn.
- Order book: €619 bn (strong resilient demand cushion)
💰 Dividend proposal:
- €3.20 per share (+7% vs. previous year)
📉
2026 Guidance (Outlook)
🚀 Deliveries:
- ~870 commercial aircraft (record target)
➡️ slightly below most analyst estimates (~896)
💸 Adjusted EBIT:
- ~€7.5 billion planned
💵 Free cash flow (before customer financing):
- ~€4.5 billion expected
📍 Assumptions:
- No additional global disruptions
- Supply chain, air traffic & market conditions stable
⚙️
Drivers & challenges
✔
Positive:
- Robust demand & full order book
- Profit and cash flow growth
- Record delivery target for 2026 👊
⚠️
Negative:
- Engine delivery bottlenecks (Pratt & Whitney)
→ Production and delivery targets are adjusted
→ A320 monthly rate limited to 70-75 aircraft (until 2027)
- 2026 delivery target below analysts' expectations
→ Share price reacts negatively 📉
📊
Market reaction (short-term)
- Share fell significantly on Feb. 19 - in some cases > 5 % in DAX trading
- Reason: subdued supply and production outlook despite strong figures
📌 Conclusion (Shareable)
Airbus delivers strong 2025 figures: Revenue + profit up significantly, cash flow robust.
EPS & EBIT solid, order book huge.
2026 outlook:
➡ Record deliveries (~870), but below analyst expectations.
➡ EBIT and cash flow targets solid, but engine bottlenecks depress expectations → Share falls