AIRBUS - 2020 Universal Registration Document

2. Management’s Discussion and Analysis of Financial Condition and Results of Operations / 2.1 Operating and Financial Review

REVENUE BY GEOGRAPHICAL AREAS

2020

2019

2018

(In € billion) (In percentage) (1)

(In € billion) (In percentage) (1)

(In € billion) (In percentage) (1)

Asia/Pacific

13.1

26.3% 22.6

32.1% 23.3

36.6%

Europe

20.3

40.7% 22.6

32.1% 17.8

27.9%

North America

8.7

17.4% 12.0

17.0% 11.1

17.4%

7.8

15.6% 13.3

18.8% 11.5

18.1%

Other countries (2)

Total

49.9

100% 70.5

100% 63.7

100%

(1) Percentage of total revenue after eliminations. (2) Including the Middle East.

Airbus The following table presents a breakdown of deliveries of commercial aircraft by product type for the past three years.

2020

2019

2018

(In units)

A220 (1)

38

48

20

A320 Family

446

642

626

A330

19

53

49

A350 XWB

59

112

93

A380

4

8

12

Total

566

863

800

(1) A220 consolidated into Airbus as of 1 July 2018.

Airbus’ revenues decreased by 37.5%, from € 54.8 billion for 2019 to €34.3 billion for 2020. This was due to lower deliveries of 566 aircraft (compared to 863 deliveries in 2019), including 59 A350 XWBs and 38 A220s, in line with the production adaptation plan set out in April 2020 in response to the COVID-19 pandemic, see “– 2.1 Operating and Financial Review”.

For 2019, Airbus’ revenues increased by 14.2%, from €48.0 billion for 2018 to € 54.8 billion for 2019. This was due to record deliveries of 863 aircraft (compared to 800 deliveries in 2018) including 112 A350 XWBs and 48 A220s.

Airbus Helicopters The following table presents a breakdown of deliveries of helicopters by product type for the past three years.

2020

2019

2018

(In units)

Light

123

159

156

Medium

126

122

137

Heavy

50

47

54

thereof NH90

28

32

36

Tiger

1

4

9

Total

300

332

356

Airbus Helicopters’ revenues amounted to €6.3 billion in 2020 (2019: €6.0 billion). This increase re ected a favourable product mix effect despite lower deliveries of 300 units (2019: 332 units) and higher volume in services.

For 2019, Airbus Helicopters’ revenues amounted to €6.0 billion in 2019 (2018: € 5.9 billion). This stability was supported by growth in services, which offset lower deliveries of 332 units (2018: 356 units).

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Airbus / Registration Document 2020