Airbus ($AIR (+3,09 %) ) posted a surprisingly strong first quarter despite ongoing supply bottlenecks and geopolitical uncertainties. surprisingly strong first quarter into the year. Sales and profits exceeded expectations - The company is sticking to its targets for the year, although possible consequences of new US tariffs are not yet quantified.
Key statements & key financial figures:
- Turnover: +6 % to 13.5 billion euros
- Adjusted EBIT: +8 % to 624 million euros
- Net profit: +33 % to 793 million euros
- Free cash flow before customer financing: -310 million euros (better than expected)
- Deliveries136 jets (6 less than in the previous year)
- Target 2024: 820 deliveries & 7 billion euros adjusted EBIT
Strategic & operational challenges:
- Supply bottlenecks for engines and cabin components remain
- Production ramp-up of the A320neo family to 75 aircraft/month postponed to 2027
- Customs risksPossible effects of new US tariffs on global supply chains are being monitored but not yet priced into the forecast
Market development & environment:
- Strong demand for fuel-efficient jets continues
- Increasing pressure from US tariffsalthough aviation industry has not yet been directly affected
- Airlines warn of the unsustainability of high import duties - many airlines would not be able to cope with 20%
Conclusion:
Despite operational burdens and geopolitical uncertainties, Airbus shows a solid economic solid economic performance. With strong ancillary businesses (helicopters, defense, space) and a clear strategy for expanding production, Airbus remains remains robustly positionedeven if external risks such as customs duties or supply bottlenecks could create pressure in the medium term.