Airbus - 2022 Universal Registration Document
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations /
2.1 Operating and Financial Review
2.1.4 Results of Operations
The following table summarises the Company’s IFRS Consolidated Income Statements for the past three years:
02
2022
2021
2020
(In €million)
Revenue
58,763
52,149
49,912
Cost of sales
(48,192) 10,571 (2,240) (3,079)
(42,518)
(44,250)
Gross margin
9,631
5,662
Selling and administrative expenses Research and development expenses
(2,052) (2,746)
(2,140) (2,858)
Other income
471
594
132
Other expenses
(590)
(201)
(1,458)
Share of profit from investments accounted for under the equity method and other income from investments
192
116
152
Profit (Loss) before finance costs and income taxes
5,325
5,342
( 510)
Interest result
(232)
(246)
(271)
Other financial result
(18)
(69)
( 349)
Income taxes
(939)
(853)
(39)
Profit (Loss) for the period
4,136
4,174
(1,169)
Attributable to Equity owners of the parent (Net income)
4,247
4,213
( 1,133)
Non-controlling interests
(111)
(39)
( 36)
Earnings per share
€
€
€
Basic
5.40 5.39
5.36 5.36
(1.45) (1.45)
Diluted
2.1.4.1 Revenues The following table presents a breakdown of the Company’s revenues by Business segment for the past three years:
2022
2021
2020
(In €million)
Airbus
41,428
36,164
34,250
Airbus Helicopters
7,048
6,509
6,251
Airbus Defence and Space
11,259
10,186
10,446 50,947
Subtotal segmental revenue
59,735
52,859
Eliminations
(972)
(710)
(1,035)
Total
58,763
52,149
49,912
Revenues increased by 12.7%, from € 52.1 billion for 2021 to € 58.8 billion for 2022. The increase is mainly driven by higher aircraft deliveries of 661 aircraft (in 2021: 611 aircraft) and higher
contributions from Airbus Defence and Space and Airbus Helicopters. It also reflects a positive foreign exchange impact at Airbus.
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Airbus / Universal Registration Document 2022
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