Airbus reports Q1 EPS EUR 0.59 vs. EUR 1.55 last year

Consolidated revenues decreased slightly to EUR 11.8B vs. EUR 12.0B last year. Gross commercial aircraft orders totaled 156, with net orders of 142 aircraft after cancellations. The order backlog amounted to 7,254 commercial aircraft at the end of March. Airbus Helicopters registered 39 net orders. "The first quarter confirmed strong demand for our products, particularly for commercial aircraft. We delivered 127 commercial aircraft, which is reflected in the Q1 financials. The quarter also benefited from a good performance in Helicopters. We continue to face an adverse operating environment that includes in particular persistent tensions in the supply chain. Our 2023 guidance is unchanged with commercial aircraft deliveries expected to be backloaded. We remain focused on delivering the commercial aircraft ramp-up and longer-term transformation," said Guillaume Faury, Airbus CEO.