Airbus provides 2024 guidance update

EQS-Ad-hoc: Airbus SE / Key word(s): Forecast
Airbus provides 2024 guidance update

24-Jun-2024 / 19:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad-hoc release, 24 June 2024

Airbus provides 2024 guidance update

  * Charges of around EUR 0.9bn reported on certain telecommunications,
    navigation and observation space programmes

  * A320 ramp-up trajectory adjusted to reflect specific supply chain
    challenges in a degraded operating environment; around 770 commercial
    aircraft deliveries now expected in 2024; target production rate of 75
    A320 Family aircraft a month maintained and now expected to be reached
    in 2027

* 2024 guidance updated

Airbus SE (stock exchange symbol: AIR) is providing a market update to
report on new developments related to its space activities and commercial
aircraft business, the impact of which is leading the Company to update its
2024 guidance.

In the first half of 2024, the Space Systems management team conducted an
extensive technical review of all programmes, identifying further commercial
and technical challenges. On that basis, the Company has decided to record
charges of around EUR 0.9bn in the H1 2024 accounts. These are mainly related
to updated assumptions on schedules, workload, sourcing, risks and costs
over the lifetime of certain telecommunications, navigation and observation
programmes.

In commercial aircraft, Airbus is facing persistent specific supply chain
issues mainly in engines, aerostructures and cabin equipment. The Company
now intends to deliver around 770 commercial aircraft in 2024 and continues
to ramp up towards a rate of 75 A320 Family aircraft per month, which is now
expected in 2027.

Accordingly, Airbus is updating its 2024 guidance.

As the basis for its updated 2024 guidance, the Company assumes no
additional disruptions to the world economy, air traffic, the supply chain,
the Company's internal operations, and its ability to deliver products and
services.

The Company's 2024 guidance is before M&A.

On that basis, in 2024, the Company now targets to achieve:

* Around 770 commercial aircraft deliveries;

* EBIT Adjusted of around EUR 5.5 billion;

* Free Cash Flow before Customer Financing of around EUR 3.5 billion.

The Company's half-year results will be disclosed on 30 July 2024.

Note to editors: An analyst call will be held on 24 June 2024 at 19h45 CEST
Paris time. The call can be followed via the Airbus website at
https://www.airbus.com/en/investors. The analyst call presentation will also
be made available on our website. A recording will be made available in due
course.

Contacts for the media:

        Guillaume Steuer               Sara Ricci           Martin Agüera
                  Airbus                   Airbus       Defence and Space
   +33 (0) 6 73 82 11 68    +33 (0) 6 42 65 26 17    +49 (0) 175 227 4369
            Justin Dubon          Philippe Gmerek
                  Airbus                   Airbus
   +33 (0) 6 74 97 49 51    +33 (0) 6 13 19 37 27

End of Inside Information

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   Language:       English
   Company:        Airbus SE
                   P.O. Box 32008
                   2303 DA Leiden
                   Netherlands
   Phone:          00 800 00 02 2002
   Fax:            +49 (0)89 607 - 26481
   Internet:       www.airbusgroup.com
   ISIN:           NL0000235190
   WKN:            938914
   Indices:        DAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1931961

End of Announcement EQS News Service
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1931961 24-Jun-2024 CET/CEST