The world’s largest aircraft manufacturer Airbus has surprisingly started the year despite fewer jet movements.
However, the trade war, which the United States, threatens to tighten the existing bottlenecks with important components. CEO Guillaume Faury stated on Wednesday evening at his destination to deliver 820 commercial aircraft this year and to achieve adjusted operational profit of seven billion euros. However, he continues to cling the consequences of tariffs.
The news is well received on the financial market: The Airbus SE-share is temporarily 0.11 percent to 151.70 euros in pre-exchanging trading on the Tradegate platform.
According to Fairy, new tariffs would increase complexity for Airbus. In addition, their scope remained as uncertain as their duration and their implementation. With his customs policy, US President Donald Trump is currently not aimed at the aviation industry. However, planned or already imposed tariffs still have follows for the aviation industry, said Faury. Chinese airlines are now rejecting new aircraft from the US manufacturer Boeing.
Other airlines have already clarified that they do not want to bear possible additional costs through tariffs. No airline in the world can cope with 20 percent tariffs to new jets, said Lufthansa boss Carsten Spohr.
Since the Corona pandemic, Airbus has been fighting with delivery bottlenecks on aircraft components such as engines and sitting. The need for new and less sprit -thirsty jets has so far seemed unchecked, and Airbus can hardly breastfeed the strong demand. Fairy wants to expand the production of medium -range jets from the A320neo model family, including the new long -distance version A321XLR to 75 pieces per month. But the suppliers do not come after, and the manager had to postpone his production goal to 2027.
Airbus also had to deal with bottlenecks in the first quarter. The manufacturer handed 136 passenger jets to its customers, six less than a year earlier. The delivery of machines therefore shifted more to the late year, admitted Faury. In the past few years, Airbus’ deliveries had regularly concentrated shortly before the end of the year.
Fairy and his people accordingly follow the development in customs policy. However, it was “too early to quantify the effects”. The business of aircraft and engine manufacturers is based on complex international supply chains across national borders. For some materials there are only a few suppliers all over the world who meet the strict requirements of the aviation industry.
Financially, in the first quarter, Airbus was better than expected from analysts despite the bottlenecks. Sales grew by six percent in the year to a good 13.5 billion euros. The profit before interest, taxes and special items (adjusted EBIT) increased by eight percent to 624 million euros. Better shops with helicopters, armor and space travel made the weaker development more than a betting at the passenger jets.
The announced hit Job cuts in the armor and space division with 105 million euros negatively. Because Airbus, on the other hand, screwed up the value of several participations, the surplus jumped up to 793 million euros by a third. With the key figures, the group consistently exceeded the average expectations of analysts. The expected cash drainage before customer financing was also significantly lower at 310 million euros than estimated by analysts.
Jefferies leaves Airbus on ‘Hold’ – destination 180 euros
The Jefferies analysis house left the classification for Airbus on “Hold” with a price target of 180 euros. The first quarter was stronger than feared, analyst Chloe Lemarie wrote in a study available on Wednesday. This applies especially to the Free Cashflow of the aircraft manufacturer. She still mentioned enjoyable comments in a conference on telephone: It was said there that the tariffs had not yet led to further disorders in the supply chain.
JPmorgan leaves Airbus on ‘Overweight’ – destination 180 euros
The US bank JPmorgan left the classification for Airbus with a price target of 180 euros to “overweight”. The first quarter had exceeded expectations, analyst David Perry wrote in his comment on Thursday. The Free Cashflow (FCF) was even very impressive. Management arms against the tariffs, but not yet against currency counter -wind.
RBC leaves Airbus on ‘Outperform’ – destination 185 euros
The Canadian Bank RBC left the classification for Airbus on “Outperform” with a price target of 185 euros. In the first quarter, the aircraft manufacturer exceeded the expectations in terms of sales and the adjusted operational result (EBIT), Analyst Ken Herbert wrote in a study available on Wednesday. The focus of the company is now on the US tariffs and the integration of the parts of Spirit Aerosystems.
UBS lowers the target for Airbus to 155 euros
The major Swiss bank UBS has reduced the price target for Airbus from 175 to 155 euros, but left the classification to “neutral”. The US customs policy continues to ensure uncertainty, but the direct influence on the aircraft manufacturer should be contained in the current customs scenario, wrote analyst Ian Douglas-Pennant on Thursday after Airbus’ quarterly figures. The reduction of his estimates results in a complete result of currency loads.
Toulouse (dpa-Afx)
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