Airbus Resumes Dividend Payment And Earns 4.7 Billion Dollars In 2021
Airbus’s civil and military aircraft manufacturer has presented a net profit of 4.7 billion dollars in 2021. Airbus has proposed to resumes its dividend payment with a remuneration of 1.7 dollars per share in cash.
The company said that consolidated revenue improved 4% to $59.2 billion, primarily reflecting higher commercial aircraft deliveries, partially neutralized by less favorable exchange rates. A total of 611 commercial aircraft were delivered (2020: 566 aircraft), including 50 A220s, 483 A320 families, 18 A330s, 55 A350s, and 5 A380s.
Adjusted EBIT, which according to Airbus, better reflects the behavior of the profit margin, multiplied by 2.8 times, to 5,531 million dollars. In contrast, consolidated EBIT soared to 6,075 million dollars, compared to the negative figure of 580 million registered in 2020.
Airbus explained that consolidated free cash flow before M&A and customer financing was $ 3,996 million (2020 was negative $7,885 million). Consolidated free cash flow was $ 3,992 million (2020: -$ 8,370 million). It reflects efforts in cash containment and a decrease in capital working capital, mainly driven by inventory improvement.
In addition, the gross cash position stood at $25.8 billion (end 2020: $24.3 billion) with a consolidated net cash position of $8.6 billion (end 2020: $4.8 billion). The company’s liquidity remains solid, standing at $32.6 billion at the end of 2021.
The Board of Directors of Airbus will propose a resumes of 2021 dividend of 1.70 dollars per share to the 2022 General Shareholders’ Meeting, the payment date is April 21, 2022.
Forecasts For 2022
By 2022, the company assumes that Covid-19 will cause no more disruptions to the world. The economy, air traffic, internal operations, and its ability to deliver products and services will remain current.
On that basis, Airbus aims to achieve by 2022 around:
- It deliveries 720 commercial aircraft.
- It adjusted EBIT of $6.2 billion.
- Free cash flow before mergers and assets and customer financing of $3.9 billion.
