PARIS, April 30 (Reuters) - Europe's Airbus
posted stronger-than-expected revenues and core profit for the
first quarter and reaffirmed targets for the year, while
stressing it was too early to quantify the impact of tariffs.
The world's largest planemaker said its widely watched
adjusted operating income rose 8% to 624 million euros ($707
million) and revenues gained 6% to 13.54 billion euros in the
quarter, led by defence which smoothed the impact of lower
jetliner deliveries.
Analysts had on average expected adjusted or underlying
operating profit of 602 million euros on revenues of 12.95
billion, according to consensus data compiled by the company.
Airbus also burned significantly less cash than expected.
Boeing's ( BA ) European rival continued to project 820
aircraft deliveries for 2025, up from 766 last year, but
cautioned these would once again be backloaded towards the
latter part of the year as it faces supply chain problems.
The company, which finalised
an agreement
on Monday to take over some factories of ailing Spirit
AeroSystems ( SPR ), said the U.S. aerostructure supplier's
difficulties were continuing to put pressure on the ramp-up of
the Airbus A320 and A350 jets.
It held output forecasts unchanged, however, and stuck
with 2025 financial forecasts that include 7.0 billion euros of
adjusted operating profit - a measure routinely used by Airbus
to exclude gains and losses related to restructuring, currency
and certain other factors.
The 2025 forecasts include the impact of absorbing part
of Spirit but not the uncertainty surrounding a growing tariff
war.
"We are closely monitoring and assessing the situation,
but it is too early to quantify the (tariff) impact today," CEO
Guillaume Faury said in a statement.
Airbus said it was in "constructive" talks with
purchasing nations for the A400M military airlifter, while
studying the impact of the current state of orders on
manufacturing plans.
The A400M has been hit by delays, partial cancellations
by European launch nations and slow exports, with the order
pipeline expected to run out in 2028. But industry sources have
said higher European arms spending could revive interest from
buyers that have curbed deliveries, such as France and Spain.
Airbus also announced new charges of 105 million euros
related to the ongoing
restructuring of its Defence
and Space division.
($1 = 0.8821 euros)
(Reporting by Tim Hepher, Editing by GV De Clercq)