News: Airbus 2006 financial results
Posted on Friday, January 19 @ 12:28:58 GMT by darklord |
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While work on the completion of the financial results is still ongoing, it is estimated that Airbus will probably deliver a negative EBIT contribution for the full year of 2006, as EADS announced today.
Nevertheless, in 2006, Airbus continued to increase its deliveries to the highest level ever, while achieving its second best year ever in terms of sales numbers.
Airbus delivered 434 aircraft, leading to a turnover estimated at approx. 26 billion Euros. The 2006 deliveries include 339 Single Aisle Family aircraft, nine A300 Freighters and 86 wide-body long range airliners. Total deliveries now stand at 4,564 aircraft.
With 824 new gross orders, Airbus achieved its second best year in terms of sales. These orders make up for 44 per cent of the market, and include 673 Single Aisles, 134 A330s, A340s and A350s as well as 17 A380s. Net order intake stand at 790, making a 43 per cent share. Valued at US $ 75.1 billion at catalogue prices, the gross orders make for 40 percent of the total transaction values.
At the end of 2006, Airbus has a total of 2,533 aircraft on order still to be delivered, making for 51per cent of the backlog of aircraft above 100 seats. This is 17 per cent above the record backlog of last year and represents, at current very high production rates, five years of production. This is the highest backlog in the entire history of Airbus and of the aviation industry.
The technical development of the A380 programme has gone very well, leading to the joint EASA and FAA type certification of the all-new double deck A380 in December. This is a testimony to its technical integrity, despite the industrial issues that led to the delays in the A380 deliveries.
In 2006, Airbus also received the go-ahead for the industrial launch for its brand new 270-350 seat long range A350XWB Family, of which the first member is due to enter service in 2013. And it began offering customers a new wide-body freighter, the A330-200F.
“Our financial estimate is a consequence of our 2006 turbulences – in particular reflecting the effect of the A380 delay. We are also taking into account the launch of the A350 XWB and the financial impact of Power 8, which we originally expected for 2007,” says Airbus President and CEO Louis Gallois. “Clearly we are cleaning the grounds and preparing for a new Airbus.”
The turbulences of 2006 and in particular the ever weaker US dollar require Airbus to make a major effort. Airbus will now begin implementing the new competitiveness programme called Power 8. This programme looks at all aspects of the company to make it leaner, more integrated, more efficient and more productive. “Power8 is the condition to ensure our success and profitability in the future, and that we shall be able to serve our customers even better”, he added.
Airbus is an EADS company.
Airbus press release 17 January 2007
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