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Airbus reports strong Full-Year 2018 results, delivers on guidance

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  • Strong 2018 performance, guidance delivered
  • Revenues € 64 billion; EBIT Adjusted € 5.8 billion; Free Cash Flow Before M&A and Customer Financing € 2.9 billion
  • EBIT (reported) € 5.0 billion; EPS (reported) € 3.94
  • A380 deliveries to cease in 2021
  • A400M programme re-baselining negotiated
  • 2018 dividend proposal € 1.65 per share, up 10% from 2017
  • 2019 guidance confirms growth trajectory

Amsterdam, 14 February 2019 – Airbus SE (stock exchange symbol: AIR) reported strong Full-Year (FY) 2018 consolidated financial results and delivered on its guidance for all key performance indicators.

“Though 2018 had plenty of challenges for us, we delivered on our commitments with record profitability thanks to a strong operational performance, particularly in Q4,” said Airbus Chief Executive Officer Tom Enders. “With an order backlog of around 7,600 aircraft, we intend to ramp-up aircraft production even further. However, due to the lack of airline demand we have to wind down production of the A380. This is largely reflected in the 2018 numbers. On A400M, we succeeded in re-baselining the programme with our government customers and their domestic approval processes should conclude in the coming months. All in all, we have achieved significant de-risking of the A400M in 2018. The strength of last year’s achievements is reflected in our record dividend proposal. In sum, Airbus stands on a solid growth trajectory and our helicopter, defence and space businesses are also in good shape as the new management team under my successor Guillaume Faury gets ready to take over.”

As of 1 July 2018, the A220 aircraft programme has been consolidated into Airbus.

Net commercial aircraft orders totalled 747 (2017: 1,109 aircraft), including 40 A350 XWBs, 27 A330s and 135 A220s. Showing the underlying health of the market, the order backlog reached an industry record of 7,577 commercial aircraft at year-end, including 480 A220s.(4) Net helicopter orders increased to 381 units (2017: 335 units) with a book-to-bill ratio above 1 in terms of both value and units. Order intake included 15 H160 and 29 NH90 helicopters.

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