Airbus Q1 Report 2023

● 127 commercial aircraft delivered in Q1 2023
● Revenues € 11.8 billion; EBIT Adjusted € 0.8 billion
● EBIT (reported) € 0.4 billion; EPS (reported) € 0.59
● Free cash flow before M&A and customer financing € -0.9 billion
● Guidance unchanged

Consolidated revenues decreased slightly to € 11.8 billion (Q1 2022: € 12.0 billion). A total of 127 commercial aircraft were delivered (Q1 2022: 142 aircraft), comprising 10 A220s, 106 A320 Family, 6 A330s and 5 A350s. Revenues generated by Airbus’ commercial aircraft activities decreased 5 percent year-on-year, mainly reflecting the lower deliveries, partly offset by the strengthening of the US dollar. Airbus Helicopters deliveries increased to 71 units (Q1
2022: 39 units), mainly driven by the Light helicopter segment. The Division’s revenues rose 26 percent, mainly reflecting deliveries and a solid performance across programmes, favourable mix effects as well as a good start to the year in services. Revenues at Airbus Defence and Space decreased 6 percent, mainly driven by lower volume in Military Air Systems and in Space Systems. One A400M transport aircraft was delivered in Q1 2023.