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