Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Airbus proposes special dividend, reports strong FY earnings

(Sharecast News) - Aerospace corporation Airbus declared a special dividend on Thursday as it detailed a strong set of full-year results, with order intake and adjusted underlying earnings both increasing in the twelve months ended 31 December. Airbus proposed an unchanged regular dividend of €1.80 per share and added a special dividend of €1.00 per share, as net cash topped the €10.0bn threshold previously identified as a potential trigger for returning more cash to shareholders.

The move comes as the group revealed order intake increased to €186.5bn, up from €82.5bn in 2022, while revenues rose 11% year-on-year to €65.4bn as the group delivered 571 of its A320 aircraft. Adjusted EBIT related to Airbus' commercial aircraft activities increased to €4.81bn, up from €4.6bn last year, reflecting "higher deliveries and a more favourable hedge rate". EBIT for the full year was expected to come in at between €6.5bn and €7.0bn.

Looking forward, Airbus now expects to deliver 800 of its narrowbody A320 jets in 2024, as rival Boeing looks to recover from yet another major incident with its 737 Max 9 aircraft - when the tail fell off the vehicle during an Alaska Airlines flight in January.

Chief executive Guillaume Faury said: "In 2023 we recorded strong order intake across all our businesses and we delivered on our commitments. This was a significant achievement given the complexity of the operating environment.

"We will continue to invest in our global industrial system while progressing on our transformation and decarbonisation journey. Our dividend proposals are a reflection of the strong 2023 financials, our growth prospects in 2024, and balance sheet strength."

As of 1100 GMT, Airbus shares were down 1.25% at €148.38 each.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Pennant inks non-exclusive distribution deal with Siemens
(Sharecast News) - Pennant International named Siemens Digital Industries Software as a global OEM partner for its GenS technology on Monday, in a move that it said marked a significant step in its go-to-market strategy for its Auxilium suite of software solutions.
Touchstone deliviers first update on Trinidad's Central Block
(Sharecast News) - Touchstone Exploration delivered its first operational update on the Central Block asset in Trinidad and Tobago since acquiring the licence in mid-May on Monday, reporting quarter-on-quarter production growth and steady revenue generation underpinned by LNG-linked pricing.
Orosur starts infill drilling at Pepas gold prospect
(Sharecast News) - Orosur Mining announced the start of a targeted infill drilling programme at its Pepas gold prospect in Colombia on Monday, marking the first step toward defining a maiden mineral resource estimate (MRE) for the asset.
Support for Planmatics' possible Empresaria takeover tops 70pc
(Sharecast News) - Planmatics said on Monday that it has received additional support for its proposed acquisition of the AIM-traded Empresaria Group, after the Hendriks Family signed a non-binding letter of intent confirming their intention to back the offer for the international staffing group.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.