Airbus defence businesses post weak third-quarter profits

31 October 2017

Pan-European defence and aviation company Airbus released its third-quarter results on 31 October, showing total revenue of EUR14.2 billion (USD16.5 billion) for the period. This represents a 2.1% rise on the same period in 2016, although the company’s adjusted measure of earnings before interest and taxes (EBIT) fell by 4.4% to EUR697 million.

Airbus’ performance in the defence sector was not as robust as its total achievement in the first three quarters, however. In its Defence and Space reporting segment revenues were down 12.7% year on year in the first nine months of 2017, at EUR6.7 billion, while the company’s EUR5.7 billion order intake was down 30.2%.

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