Airbus: 2023 solid, but forecasts slightly disappointing
February 15, 2024 at 08:46 am
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Airbus shares began Thursday's trading session slightly lower, as the announcement of an extraordinary dividend payment following "solid" 2023 results failed to offset forecasts deemed cautious.
Adjusted EBIT - a key indicator measuring the Group's sales margin - rose by 3% to 2.21 billion euros in the fourth quarter, slightly below the consensus target of 2.27 billion.
Sales rose by 11% to 22.89 billion euros in the last three months of the year, against market expectations of 22.25 billion euros.
In operational terms, the European aerospace giant says it will deliver 735 commercial aircraft in the full 2023 financial year, compared with 661 aircraft in 2022.
The group - which believes it achieved its targets last year - plans to propose a dividend of 1.80 euros per share to its shareholders, plus an extraordinary dividend of one euro per share.
"Our proposed dividend reflects our solid financial performance in 2023, our growth prospects and the strength of our balance sheet," emphasized CEO Guillaume Faury.
For 2024, Airbus has set itself the target of delivering 800 civil aircraft, as well as an adjusted Ebit of between 6.50 and seven billion euros, which is below the consensus of 7.20 billion.
Listed on the Paris Bourse, the stock was down by around 0.2% on Thursday morning following this publication.
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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 (71.8%). The group is No. 1 worldwide for aircrafts with more than 100 seats;
- defense and aerospace systems (17.4%): 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 (10.8%).
Net sales are distributed geographically as follows: Europe (39.3%), Asia/Pacific (28.6%), North America (21.1%), Middle East (6%), Latin America (2.7%) and other (2.3% ).
AIRBUS SE 
