Airbus announced its Q4 2023 earnings, revealing a revenue of EU22.89 billion, above the estimated EU22.46 billion, and an adjusted EBIT of EU2.21 billion, slightly below the expected EU2.26 billion. The company has projected its adjusted EBIT for 2024 to be between EU6.5 billion and EU7.0 billion, against analysts' expectations of EU7.15 billion, and anticipates delivering about 800 planes, fewer than the estimated 826. Additionally, Airbus plans to propose a special dividend of €1.00 per share. This announcement comes as Airbus reports a 4% rise in core profit to approximately $6.2 billion for 2023, with revenue increasing more significantly and record orders. The European aerospace giant is projecting a profit of up to $7.5 billion for this year. However, the company also disclosed a fresh charge of $215 million at its troubled Space business, despite the surge in orders and a rebound in travel demand that has helped it build up cash reserves, contrasting with its US rival Boeing.
WATCH: Airbus unveiled a special dividend after posting higher 2023 results. The European aerospace giant is riding a wave of orders from airlines coping with a rebound in travel demand, helping it to build up cash reserves in contrast with US rival Boeing https://t.co/FUNr8iejum https://t.co/yic9xCJcEE
Airbus unveiled a special dividend after posting higher 2023 results. The European aerospace giant is riding a wave of orders from airlines coping with a rebound in travel demand, helping it to build up cash reserves in contrast with US rival Boeing https://t.co/xTpjfA2Bnr https://t.co/9HaUvvxDzT
Airbus unveiled a special dividend after posting higher 2023 results but said it would take a fresh charge of $215 million at its troubled Space business. More here: https://t.co/FUNr8iejum https://t.co/9PQ6UyDmpY
Airbus unveiled a special dividend after posting higher 2023 results but said it would take a fresh charge of $215 million at its troubled Space business https://t.co/xTpjfA23xT https://t.co/CLRfswMVQ3
WATCH: Airbus said core profit rose 4% to around $6.2 billion over 2023, with revenue rising even more strongly. The European aerospace giant is now projecting profit of up to $7.5 billion this year and is set to reward shareholders with a special dividend https://t.co/FUNr8iejum https://t.co/idXiIjv99S
Airbus said core profit rose 4% to around $6.2 billion over 2023, with revenue rising even more strongly. The European aerospace giant is now projecting profit of up to $7.5 billion this year and is set to reward shareholders with a special dividend https://t.co/xTpjfA2Bnr https://t.co/bqpE4JsBVw
Europe's Airbus unveiled a special dividend after posting higher 2023 results, buoyed by resurgent demand for jetliners and despite a fresh charge of $215 million at its troubled Space business. More here: https://t.co/FUNr8idLEO https://t.co/DhXqGi5VWC
Europe's Airbus unveiled a special dividend after posting higher 2023 results, buoyed by resurgent demand for jetliners and despite a fresh charge of $215 million at its troubled Space business https://t.co/xTpjfA23xT https://t.co/QnAIcyylKD
Airbus to pay special dividend as orders hit a record https://t.co/LlGQ2sc7Fe
Airbus plans special dividend, takes new space charge https://t.co/HkjJQFFrFS https://t.co/tlKOOzGn74
Airbus Q4 23 Earnings: - Rev EU22.89B (est EU22.46B) - Adj EBIT EU2.21B (est EU2.26B) - SEES 2024 Adj EBIT EU6.5B To EU7.0B (est EU7.15B) - Sees 2024 Deliveries About 800 Planes (est 826) - To Propose Special Div Of €1.00/Shr