Airbus reports FY18 EPS EUR3.94 vs. EUR3.05 last year
Reports FY18 revenue EUR63.7B vs. EUR59B last year. Reports FY18 EBIT adjusted EUR4.81B vs. EUR2.38B last year. Consolidated order intake in 2018 totalled EURO$ 55.5 billion with the consolidated order book valued at EURO$ 460 billion on 31 December 2018 under IFRS 15. Consolidated net income and earnings per share included a negative impact from the financial result, mainly driven by the evolution of the US dollar and revaluation of financial instruments. The other financial result also included the positive adjustment of EURO$ 177 million from the A380. "Though 2018 had plenty of challenges for us, we delivered on our commitments with record profitability thanks to a strong operational performance, particularly in Q4," said Airbus Chief Executive Officer Tom Enders. "With an order backlog of around 7,600 aircraft, we intend to ramp-up aircraft production even further. However, due to the lack of airline demand we have to wind down production of the A380. This is largely reflected in the 2018 numbers. On A400M, we succeeded in re-baselining the programme with our government customers and their domestic approval processes should conclude in the coming months. All in all, we have achieved significant de-risking of the A400M in 2018. The strength of last year's achievements is reflected in our record dividend proposal. In sum, Airbus stands on a solid growth trajectory and our helicopter, defence and space businesses are also in good shape as the new management team under my successor Guillaume Faury gets ready to take over."