(AOF) – Strongest decline in the Parisian market, Airbus fell by 8.89% to 135.56 euros, notably dragging Safran and Dassault Aviation in its wake. The aircraft manufacturer issued a profit warning due to supply chain issues. It now forecasts adjusted EBIT of around €5.5 billion and free cash flow before customer financing of around €3.5 billion.
Airbus previously expected adjusted EBIT of between €6.5 billion and €7 billion and free cash flow before customer financing of around €4 billion.
Airbus said it was “facing specific ongoing supply chain issues for commercial aircraft, primarily with respect to engines, aerostructures and cabin equipment.” As a result, the company now plans to deliver around 770 commercial aircraft in 2024 compared to around 800 deliveries previously.
The ramp-up in the production rate to 75 A320 family aircraft per month is now planned for 2027.
The French company also warned that it would record charges of around 0.9 billion euros on certain telecommunications, navigation and space observation programs in the first half. They are primarily related to updating assumptions about schedules, workload, sources of supply, risks and costs over the life of certain programs in these areas.
Half-year results will be published on July 30.
