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Airbus SE reported a 6% increase in revenue in the first quarter of 2025. Despite specific supply chain challenges, the company made significant progress in production and orders. Significant order growth was achieved, particularly in the defense and space sectors.
Solid growth in aviation
Airbus reported revenue of €13.5 billion for the first quarter of 2025, an increase of 6% year-on-year. A total of 136 commercial aircraft were delivered. The increase in commercial aircraft revenue was supported by favorable exchange rate conditions, despite a decline in deliveries.
Success in the defense sector
At Airbus Defence and Space, order intake increased by €2.6 billion. Airbus CEO Guillaume Faury highlighted the strong momentum across the business segments, both platforms and services. Revenues increased by 11% to €2.7 billion, driven by higher volumes across all business areas.
Challenges in the supply chain
Production ramp-up progressed according to plan, but deliveries are challenging due to specific supply chain issues, particularly at Spirit AeroSystems. Airbus remains committed to increasing the A320 Family production plan to 75 aircraft per month by 2027. Currently, A330 production is maintained at a stable monthly level.
Airbus Helicopters: Innovation in the helicopter market
Airbus Helicopters recorded 100 net orders, a significant improvement compared to 63 units in the previous year. Revenue increased by 10% to €1.6 billion. The new H140 multi-role helicopter was launched in March, generating strong market interest and receiving initial orders, reflecting solid program and service growth.
Airbus SE is a global leader in the aerospace industry. It designs, manufactures, and delivers innovative solutions in the fields of aeronautics, helicopters, defense, and space. With its broad product range, Airbus strives to meet market demands and strengthen the European defense industry.
Airbus increases profit and stability
Airbus Defence and Space reported a significant EBIT increase to €77 million in the first quarter of 2025, driven by higher volumes and improved profitability. Key programs such as the A400M and services in the areas of Air Power and Connected Intelligence are showing positive developments, while Airbus continues to plan strategic adjustments.
Airbus Defence and Space: Financial results exceed expectations
Airbus Defence and Space’s adjusted EBIT was €77 million, compared to €9 million in the first quarter of the previous year. This improvement was mainly due to increased order volumes and higher profitability in Air Power Services and Connected Intelligence. Encouraging developments in major projects such as the A400M underscore the company’s stabilized performance.
Constructive discussions about the Airbus A400M
Within the framework of the A400M program, Airbus continues to engage in constructive discussions with the launch nations and OCCAR regarding the production plan. Despite unclear details regarding aviation orders, Airbus remains committed to carefully assessing the impact on manufacturing activities. Technical qualifications and associated costs have been maintained at a stable level to date.
Focus on research and development
€673 million was invested in self-financed research and development, a decrease compared to €743 million in the same period of the previous year. This reflects a targeted prioritization of projects and efficiency improvements. At the same time, consolidated EBIT amounted to €473 million, compared to €609 million in 2024, impacted by net adjustments of €151 million.
Solid financial prospects
The quarterly financial results show free cash flow of -310 million euros before customer financing, reflecting the planned inventory build-up for market dynamics. Total free cash flow is -296 million euros, with a solid cash position of 26.1 billion euros. Airbus plans to deliver approximately 820 commercial aircraft in 2025 and targets EBIT of approximately 7.0 billion euros and free cash flow before customer financing of approximately 4.5 billion euros.
Airbus is a global leader in the aerospace industry, distinguished by innovative technologies and robust business strategies. The company strives to provide its customers with safe and effective solutions while investing in growth and sustainability. Airbus’ commitment to continuous improvement confirms its role as an industry pioneer.
Consolidated Airbus – First Quarter (Q1) 2025 Results (Amounts in euros)
Consolidated Airbus | Q1 2025 | Q1 2024 | Change |
Revenues , in millions thereof defence, in millions | 13,542 2,621 | 12,830 2,133 | +6% +23% |
EBIT Adjusted , in millions | 624 | 577 | +8% |
EBIT (reported) , in millions | 473 | 609 | -22% |
Research & Development expenses , in millions | 673 | 743 | -9% |
Net Income (1), in millions | 793 | 595 | +33% |
Earnings Per Share | 1.01 | 0.76 | +33% |
Free Cash Flow (FCF) , in millions | -296 | -1,799 | – |
Free Cash Flow before Customer Financing , in millions | -310 | -1,791 | – |
Consolidated Airbus | 31 March 2025 | 31 Dec. 2024 | Change |
Net Cash position , in millions of Euros | 10,996 | 11,753 | -6% |
Number of employees | 157,894 | 156,921 | +1% |
By Business Segment | Revenues | EBIT (reported) | ||||
(Amounts in millions of Euros) | Q1 2025 | Q1 2024 | Change | Q1 2025 | Q1 2024 | Change |
Airbus | 9,521 | 9,167 | +4% | 451 | 500 | -10% |
Airbus Helicopters | 1,600 | 1,461 | +10% | 78 | 71 | +10% |
Airbus Defense and Space | 2,656 | 2,399 | +11% | -31 | 30 | – |
Eliminations | -235 | -197 | – | -25 | 8 | – |
Total | 13,542 | 12,830 | +6% | 473 | 609 | -22% |
By Business Segment | EBIT Adjusted | ||
---|---|---|---|
(Amounts in millions of Euros) | Q1 2025 | Q1 2024 | Change |
Airbus | 494 | 507 | -3% |
Airbus Helicopters | 78 | 71 | +10% |
Airbus Defense and Space | 77 | -9 | – |
Eliminations | -25 | 8 | – |
Total | 624 | 577 | +8% |
By Business Segment | Order Intake (net) | Order Book | ||||
Q1 2025 | Q1 2024 | Change | 31 March 2025 | 31 March 2024 | Change | |
Airbus, in units | 204 | 170 | +20% | 8,726 | 8,626 | +1% |
Airbus Helicopters, in units | 100 | 63 | +59% | 942 | 817 | +15% |
Airbus Defence and Space, in millions of Euros | 2,592 | 1,994 | +30% | N/A | N/A | N/A |
Reconciliation EBIT (reported) / EBIT adjusted
The following table compares EBIT (reported) with adjusted EBIT.
Consolidated Airbus (Amounts in millions of Euros) | Q1 2025 |
---|---|
EBIT (reported) | 473 |
thereof: | |
$ working capital mismatch and balance sheet revaluation | -13 |
Airbus Defence and Space workforce adaptation plan | -105 |
Others | -33 |
EBIT Adjusted | 624 |