Airbus is set to announce its Q3 results, projecting an increase in revenues and net profits despite ongoing supply-chain disruptions. The company expects Q3 revenues to reach 15.10 billion euros ($16.04 billion), marking a substantial rise from last year's Q3 revenue of EUR13.31 billion.
The forecasted net profit stands at EUR837 million, showing an increase from last year's EUR667 million. Adjusted earnings are also predicted to rise, from EUR836 million to EUR1.14 billion. These financial growth estimates emerge even as Airbus continues to grapple with production constraints affecting raw materials and spare parts.
In terms of deliveries, Airbus aims to meet its target of 720 commercial planes this year, having already dispatched 488 by the end of September. This goal comes after a challenging previous year when the company could only manage 661 deliveries against the same target due to similar supply chain issues.
Looking ahead, Airbus has detailed its production plans for the coming years. The company aims to manufacture 75 A320 narrow-body aircraft per month by 2026, four A330 wide-body models per month by 2024, and nine A350 models per month by the end of 2025.
In addition to these production goals, Airbus has set financial targets that include adjusted earnings of around EUR6 billion and free cash flow before M&A and customer financing of around EUR3 billion. These projections underscore Airbus's determination to navigate through supply chain challenges while maintaining its growth trajectory.
InvestingPro Insights
Airbus (EADSY (OTC:EADSY)) has demonstrated financial strength, as indicated by InvestingPro's real-time data. The company boasts an impressive market capitalization of $109.62 billion and a P/E ratio of 26.37, indicating strong investor confidence. The company's revenue for the last twelve months as of Q2 2023 was a substantial $67237.01 million, with a growth of 17.76%.
InvestingPro Tips highlights that Airbus yields a high return on invested capital and holds more cash than debt on its balance sheet, both of which are positive signs for the company's financial health. Furthermore, Airbus is a prominent player in the Aerospace and defense industry, which can provide stability in its performance.
It's worth noting that InvestingPro offers numerous additional tips related to Airbus's financial performance and market position, all of which can provide valuable insights for potential investors.
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