Half Year 2025 Airbus SE Earnings Call Transcript
Key Points
- Airbus SE (EADSF) reported a 3% year-on-year increase in H1 2025 revenue, reaching EUR29.6 billion, driven by higher contributions from divisions and stronger service volumes.
- The company booked 494 gross orders for commercial aircraft in H1 2025, with a strong backlog of 8,754 aircraft, indicating robust demand.
- Airbus SE (EADSF) achieved a significant milestone with the delivery of the first A321 XLR to Qantas Airways, marking a key step in their production strategy.
- The Defense and Space division showed improved performance with a 17% increase in revenue to EUR5.8 billion, supported by higher volumes across all business lines.
- Airbus SE (EADSF) maintained its 2025 guidance, targeting 820 commercial aircraft deliveries, an EBIT adjusted of around EUR7 billion, and free cash flow before customer financing of around EUR4.5 billion.
- The company faced challenges with engine supply, resulting in 60 'gliders' (aircraft without engines) at the end of H1 2025, impacting delivery schedules.
- Free cash flow before customer financing was negative EUR1.6 billion in H1 2025, primarily due to inventory buildup and engine supply issues.
- Airbus SE (EADSF) experienced delays in the closing of the Spirit AeroSystems work package acquisition, now expected in Q4 2025, affecting operational readiness.
- The company is dealing with potential risks related to supply chain disruptions, particularly with engine manufacturers CFM and Pratt & Whitney.
- The Defense and Space division's profitability remains a concern, with the need for continued transformation and restructuring efforts to achieve long-term targets.
Ladies and gentlemen, thank you for standing by. Welcome to the Airbus H1 2025 earnings release conference call. I'm Sharon, the operator for this conference. (Operator Instructions) And the conference is being recorded. (Operator Instructions)
I would like to turn the conference over to your host, Guillaume Faury, Thomas Toepfer and Helene Le Gorgeu. Please go ahead.
Thank you, Sharon, and good evening, ladies and gentlemen. This is the Airbus H1 2025 earnings release conference call. Guillaume Faury, our CEO; and Thomas Toepfer, our CFO, will be presenting our results and answering your questions.
This call is planned to last around one hour. This includes Q&A, which we will conduct after the presentation. This call is also webcast. It can be accessed via our homepage by clicking on the dedicated banner. Playback of this call will be accessible on our website, but there is no dedicated phone replay service.
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