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Airbus beats first-quarter forecasts, maintains targets
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Airbus beats first-quarter forecasts, maintains targets
May 25, 2025 10:06 PM

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)

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