- Joe Breitfeller
Airbus Reports Full Year Net Income of €4.2 Billion on Four Percent Increase in Revenue to €52.1 B
Airbus has reported a full year 2021 record net income of €4.2 billion or €5.36 per share on a four percent year-over-year increase in revenue to €52.1 Billion. At December 31, 2021, the company’s liquidity stood at €28.7 billion.
On Thursday (February 17, 2022), Airbus reported their full year financial results for the period ending December 31, 2021. The company reported a record full year net income of €4.2 billion or €5.36 per share on a four percent year-over-year increase in revenue to €52.1 billion. At December 31, 2021, the company’s gross cash position was €22.7 billion and net cash position stood at €7.6 billion, while Airbus ended the year with total liquidity of €28.7 billion. The Board of Directors have proposed a 2021 annual dividend of €1.50 per share, payable April 21, 2022.
In Thursday’s announcment, Airbus’ Chief Executive Officer, Guillaume Faury, said,
“2021 was a year of transition, where our attention shifted from navigating the pandemic towards recovery and growth. Thanks to the resilience and efforts of our teams, customers and suppliers, we delivered remarkable full-year results. The strong financials reflect the higher number of commercial aircraft deliveries, the good performance of our Helicopters and Defence and Space businesses as well as our efforts on cost containment and competitiveness. Record net income and our efforts to strengthen the net cash position underpin our proposal to reintroduce dividend payments going forward. At the same time, we continue to invest in our strategic priorities and in the transformation of our company.”
During 2021, Airbus delivered 611 commercial aircraft, received gross commercial aircraft orders of 771 and net orders of 507 after cancellations. Deliveries included 50 A220s, 483 A320 Family, 18 A330s, 55 A350s and five A380s. At December 31, 2021, Airbus’ commercial aircraft backlog totaled 7,082 aircraft and the company’s consolidated order book was valued at €373 billion. Commercial aircraft production is aligned with previously announced plans, specifically with the ramp up of A320 Family aircraft which is expected to achieve a rate of 65 by summer 2023.