Airbus reduces losses by 16.8% in 2020, to 1,133 million and will not distribute dividends this year

Airbus expects aircraft deliveries to be stable after 2020 losses

Airbus expects aircraft deliveries to be stable after 2020 losses

Airbus recorded losses of 1,133 million euros in 2020, a year marked by the health crisis of Covid-19, which represents a decrease of 16.8% compared to the 1,362 million that was noted a year earlier, as reported by this Thursday the group, which will not pay dividends this year, given the global business environment.

This has been revealed by the company in a statement in which the CEO of Airbus, Guillaume Faury, highlights that “the 2020 results demonstrate the company’s resilience in the most challenging crisis that the aerospace industry has suffered” and thanks the support of the helicopter and defense and space businesses. In addition, it warns that “many uncertainties remain for our industry in 2021, as the pandemic continues to affect lives, economies and societies.”

The group has specified that the ‘red numbers’ for 2020 include a negative financial result of 620 million euros, as well as the deterioration of the OneWeb loan, recognized in the first quarter of 2020.

Net commercial aircraft orders amounted to 268, 65% less than the 768 in 2029. With this, the order book comprised 7,184 commercial aircraft as of December 31, 2020.

Likewise, the net operating result (Ebit) was negative in 2020 with 510 million euros, compared to 1,339 million euros positive the previous year, while sales reached 49,912 million euros, 29% less. A total of 566 commercial aircraft were delivered, 34% less.

Going forward this year, the company aims to achieve the same number of commercial aircraft deliveries as in 2020, to achieve an adjusted Ebit of € 2 billion and break-even free cash flow before mergers and acquisitions and customer financing.

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