In This Article:
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Revenue: EUR13.5 billion, up 6% year-on-year.
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EBIT Adjusted: EUR0.6 billion, stable compared to Q1 2024.
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Free Cash Flow Before Customer Financing: Negative EUR0.3 billion.
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Net Income: EUR4.8 billion.
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Earnings Per Share (EPS) Adjusted: EUR0.67.
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Commercial Aircraft Deliveries: 136 aircraft delivered in Q1 2025.
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Gross Orders: 280, with 233 narrowbody and 47 widebody orders.
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Net Orders: 204 aircraft after 76 cancellations.
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Helicopter Net Orders: 100, compared to 63 in Q1 last year.
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Defence and Space Order Intake: EUR2.6 billion for Q1.
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R&D Expenses: EUR0.7 billion, slightly lower than Q1 2024.
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Net Cash Position: EUR11 billion as of the end of March.
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Liquidity: Around EUR35 billion.
Release Date: April 30, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Airbus SE (EADSF) delivered 136 aircraft in Q1 2025, showing progress in ramp-up efforts despite supply chain challenges.
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The company reported a stable EBIT adjusted of EUR0.6 billion, reflecting strong performance in Defence and Space.
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Airbus SE (EADSF) booked 280 gross orders in Q1, with a record backlog of 8,726 aircraft, indicating strong demand.
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The Helicopters division saw a significant increase in net orders, reaching 100 compared to 63 in Q1 last year.
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Airbus SE (EADSF) entered a definitive agreement with Spirit AeroSystems to secure stability for its ramp-up, particularly for the A350 and A220 programs.
Negative Points
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The evolving global tariff environment adds complexity and uncertainty, impacting costs for subassemblies imported into the US and China.
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Free cash flow before customer financing was negative EUR0.3 billion, reflecting planned inventory buildup and commercial momentum.
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Supply chain challenges, particularly with Spirit AeroSystems, are pressuring the ramp-up of the A350 and A220.
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The company faces ongoing issues with engine supply for narrowbody aircraft, resulting in 17 'gliders' (aircraft without engines) at the end of Q1.
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Airbus SE (EADSF) continues to experience excess staffing, with a full alignment of workforce and delivery goals not expected until 2027.
Q & A Highlights
Q: Could you talk about the supply chain and how it has reacted to the tariffs? A: Guillaume Faury, CEO: The supply chain is actively assessing the situation, identifying inventories, and working on mitigation strategies. We are leveraging logistical flows and engaging with authorities to manage the impact. The recent lifting of tariffs on US goods by China is a result of such engagements.