15 January 2024
If you are covering Airbus’ FY2023 results, please find a comment below from Jarek Pominkiewicz, equity research analyst at Quilter Cheviot:
“Airbus reported mixed results for the fourth quarter of 2023, beating revenue expectations but falling short on earnings.
“The company’s adjusted grew by only 3% year-on-year, due to higher costs and charges in its Commercial and Defence and Space segments, while its Helicopters segment performed well. Airbus also issued a lower-than-expected guidance for 2024, reflecting the uncertainty and challenges in the aviation industry. However, Airbus rewarded its shareholders with a surprise special dividend of €1 per share, although some investors may have hoped for a share buyback as well.
“Despite the disappointing results, we remain optimistic about Airbus’ long-term prospects, as it continues to increase its deliveries, avoid costly new aircraft programmes, and benefit from Boeing’s ongoing troubles.”
