Airbus // Universal Registration Document 2023

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:

2023

2022

2021

(In €million)

Revenue

65,446

58,763

52,149

Cost of sales

(55,402) 10,044 (2,521) (3,257)

(48,192) 10,571 (2,240) (3,079)

(42,518)

Gross margin

9,631

Selling and administrative expenses Research and development expenses

(2,052) (2,746)

Other income

243

471

594

Other expenses

(209)

(590)

(201)

Share of profit from investments accounted for under the equity method and other income from investments

303

192

116

Profit before finance costs and income taxes

4,603

5,325

5,342

Interest result

(25) 191

(232)

(246)

Other financial result

(18)

(69)

Income taxes

(1,156)

(939)

(853)

Profit for the period

3,613

4,136

4,174

Attributable to Equity owners of the parent (Net income)

3,789

4,247

4,213

Non-controlling interests

(176)

(111)

(39)

Earnings per share

€

€

€

Basic

4.80 4.80

5.40 5.39

5.36 5.36

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:

2023

2022

2021

(In €million)

Airbus

47,763

41,428

36,164

Airbus Helicopters

7,337

7,048

6,509

Airbus Defence and Space

11,495

11,259

10,186

Subtotal segmental revenue

66,595

59,735

52,859

Eliminations

(1,149)

(972)

(710)

Total

65,446

58,763

52,149

Revenues increased by 11.4%, from €58.8 billion for 2022 to € 65.4 billion for 2023. The increase is mainly driven by higher aircraft deliveries of 735 aircraft (in 2022: 661 aircraft), paired

with higher contributions from Airbus Defence and Space and strong services business in Airbus Helicopters.

178 Airbus Annual Report

Universal Registration Document 2023