Following a recent supplier quality issue with fuselage panels affecting the delivery flow of its A320 family, Airbus has announced that it is updating its commercial aircraft delivery forecasts for 2025.
As a result, the European aircraft manufacturer is now targeting only around 790 commercial aircraft deliveries for the current year, compared with a previous target of 820 deliveries.
"The margin for maneuver in meeting the target of 820 deliveries in 2025 is becoming narrower," Oddo BHF acknowledged on Tuesday, while reiterating its "outperform" opinion and its target price of €236 for the stock.
In financial terms, Airbus is maintaining the targets it set in its latest quarterly report, namely adjusted EBIT of around €7 billion and free cash flow before customer financing of around €4.5 billion.
Airbus SE is No. 1 in Europe and No. 2 worldwide in the aeronautics, aerospace, and defense industries. Net sales break down by family of products and services as follows:
- commercial aircraft (70.1%). The group is No. 1 worldwide for aircrafts with more than 100 seats;
- defense and aerospace systems (18.2%): military aircrafts (primarily transport aircrafts, marine surveillance aircrafts, anti-submarines fighter planes and flight refueling aircrafts), spatial equipment (orbital launchers, observation and communication satellite, turboprop aircraft, etc.), defense and security systems (missile systems, electronic and telecommunications systems, etc.). Airbus SE also provides training and aircrafts maintenance services;
- civil and military helicopters (11.7%).
Net sales are distributed geographically as follows: Europe (40.8%), Asia-Pacific (28.0%), North America (17.7%), Middle East (9.0%), Latin America (2.7%), and Other (1.8%).
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