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Quarterly profit fell by 21% to € 731 million. The company explained this by the fact that timing of main supply of aircraft fall to a later period. Above other reasons are mentioned decrease in production of A330 model, a moderate rise in costs and a transitional period in the pricing process. The company notes that all of these negative factors are offset by the company's good progress in scientific and technical developments. Total revenue for the third quarter has decreased by only 1%, to € 13.9 billion. Experts noted a significant (44% up to € 5,5 billion) reduction of free cash flow for the first nine months of the year. Thus, revenue of Airbus’ main units for production of commercial air transport has increased by 1% to € 31.5 billion. After the announcement, papers of Airbus Group in trading in Frankfurt rose by 1.5%.
Meanwhile, net profit of American company Boeing Co., one of the world's largest manufacturers of aerospace and defense technologies, decreased by 21.35% for the first 9 months of 2016 compared to the same period of 2015, and numbered 3.264 billion dollars, the company's data show.
Net diluted earnings per share for the reporting period amounted to 5.04 dollar against 5.92 dollars in the same period 2015. Boeing's revenue decreased by 1.73%, to 71.285 billion dollars.
At the end of the third quarter, Boeing recorded a profit of 2,279 billion dollars, which is 33% more than last year. Diluted earnings per share were 3.60 dollars against 2.47 dollars in the third quarter of 2015. At that, experts had expected earnings per share of 2.62 dollars. Revenue for the three months decreased by 6.54%, to 21.494 billion dollars.
"Strong operating results in our civil, military and aerospace divisions in the third quarter again helped to generate a strong cash flow for Boeing", - said Boeing’s CEO Dennis Muilenburg in a press release.
Deliveries of civil aircraft for 9 months decreased by 3% and amounted to 563 units per annum. The third quarter, in particular, delivered 6% less aircraft than a year earlier.
At the end of 2016, the company expects earnings per share under US GAAP in range of $ 7.1-7.3. This is higher than the previous forecast of 6.4-6.6 dollars.
Aircraft manufacturers regularly publish 20-year market forecasts of passenger traffic and aircraft. Demand for specific models is not specified, and the forecasts are broken down by class of airliners. The reports are based on thorough multi-marketing and economic studies, yet nobody can not foresee thunderclaps on the market, such as terrorist attacks in the United States on September 11, 2001 or the global financial crisis of 2007-2008. As follows from Boeing’s forecast published in autumn of 2014, the industry will have made 36,770 mainline aircraft by 2033. Global fleet will increase from 20,910 aircraft in 2013 to 42 180 in 2033. Cost of machines produced until 2033 will amount to an astounding figure of $ 5.2 trillion (almost one-third of US GDP in 2014).
source: reuters.com
Meanwhile, net profit of American company Boeing Co., one of the world's largest manufacturers of aerospace and defense technologies, decreased by 21.35% for the first 9 months of 2016 compared to the same period of 2015, and numbered 3.264 billion dollars, the company's data show.
Net diluted earnings per share for the reporting period amounted to 5.04 dollar against 5.92 dollars in the same period 2015. Boeing's revenue decreased by 1.73%, to 71.285 billion dollars.
At the end of the third quarter, Boeing recorded a profit of 2,279 billion dollars, which is 33% more than last year. Diluted earnings per share were 3.60 dollars against 2.47 dollars in the third quarter of 2015. At that, experts had expected earnings per share of 2.62 dollars. Revenue for the three months decreased by 6.54%, to 21.494 billion dollars.
"Strong operating results in our civil, military and aerospace divisions in the third quarter again helped to generate a strong cash flow for Boeing", - said Boeing’s CEO Dennis Muilenburg in a press release.
Deliveries of civil aircraft for 9 months decreased by 3% and amounted to 563 units per annum. The third quarter, in particular, delivered 6% less aircraft than a year earlier.
At the end of 2016, the company expects earnings per share under US GAAP in range of $ 7.1-7.3. This is higher than the previous forecast of 6.4-6.6 dollars.
Aircraft manufacturers regularly publish 20-year market forecasts of passenger traffic and aircraft. Demand for specific models is not specified, and the forecasts are broken down by class of airliners. The reports are based on thorough multi-marketing and economic studies, yet nobody can not foresee thunderclaps on the market, such as terrorist attacks in the United States on September 11, 2001 or the global financial crisis of 2007-2008. As follows from Boeing’s forecast published in autumn of 2014, the industry will have made 36,770 mainline aircraft by 2033. Global fleet will increase from 20,910 aircraft in 2013 to 42 180 in 2033. Cost of machines produced until 2033 will amount to an astounding figure of $ 5.2 trillion (almost one-third of US GDP in 2014).
source: reuters.com
