Published on April 2nd, 2017 | by Daily Station Team
Airbus Group Posts Higher Profit for 2014
Airbus Group NV (EADSY) recently posted their financial results for the 2014 fiscal year and the company reported an impressive 59 percent increase in profit for the full year.
Airbus generated a net income for the year of EUR 2.3 billion ($2.6 billion), showing an increase over the previous year, when net income was EUR 1.5 billion. The company’s earnings per share increase from EUR 1.86 to EUR 2.99.
The company’s sales increased by 5 percent, to reach EUR 60.7 billion. EBIT increased by 54 percent to reach EUR 4 billion.
The order intake for the group declined from EUR 216.4 billion in 2013 to EUR 166.4 billion in 2014.
The board of Airbus Group recommended the company pay out a dividend per share of EUR 1.2, compared to the previous year, when it was EUR 0.75, indicating a 60 percent rise over 2013.
Tom Enders, the Chief Executive Officer of Airbus Group, explained that the company saw their profitability and generation of cash improve significantly in 2014 because of solid operational performance across the board and a strong order book. He explained the company had delivered more commercial planes than they ever have, including delivery of the first A350. He also stated that net orders were more than double the number of units delivered. Because of a solid demand for aircraft with a single aisle, the company has decided to raise production to 50 aircraft per month of the A320 family starting in 2017.
Airbus Group saw their shares decline by 1 percent, closing out the previous day of trading at $14.35. The company’s stock has been trading between $12.25 and $18.48 over the past 52 weeks. Airbus Group has a market cap of $45.44 billion and a price to earnings ratio of 21.06.