Airbus Sees Stable Revenues in Defense and Space in First Half of 2021
Revenues at Airbus Defence and Space were flat in the second quarter of 2021, at 2.4 billion euros ($2.9 billion), compared to the same quarter in 2020.
This was in line with the division’s Q1 results as well, and the division reported flat revenue of 4.5 billion euros ($5.4 billion) in the first half of the year. Defence and Space raised its adjusted EBIT in the first half of the year, up 23% to 229 million euros ($272 million).
The company highlighted that revenues at Airbus Defence and Space were broadly stable compared to last year, with two A400M military airlifters delivered in the first half.
Net order intake for the division was down in the first half of the year, at 3.5 billion euros ($4.2 billion). This is down 37% compared to the first half of 2020.
Company-wide, Airbus reported a 70% increase in revenue from the same time last year. The company said this was mainly driven by the higher commercial aircraft deliveries at Airbus and higher revenues at Airbus Helicopters. Revenue was 14.2 billion euros ($16.9 billion).
“These half-year results reflect the commercial aircraft deliveries, our focus on cost containment and competitiveness, and the good performance in Helicopters and Defence and Space. Although the COVID-19 pandemic continues, the numerous actions taken by the teams have delivered a strong H1 performance. This enables us to raise our 2021 guidance although we continue to face an unpredictable environment,” commented Airbus Chief Executive Officer Guillaume Faury.
Airbus raised its guidance to 600 commercial aircraft deliveries, adjusted EBIT of 4 billion euros ($4.8 billion), and free cash flow before M&A and customer financing of 2 billion euros ($2.4 billion).