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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.
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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24-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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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

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END) Dow Jones Newswires

June 24, 2024 13:05 ET (17:05 GMT)