Airbus SE (stock exchange symbol: AIR) has restated its 2017 financial figures for the implementation of IFRS 15 “Revenue from contracts with Customers” as well as new reporting segments, as was already announced during the Full-Year 2017 results disclosure presentations.
The restatements are now available on the Airbus website via the following link: www.airbus.com/investors/financial-results-and-annual-reports.html#financialresults
These restatements are provided for comparative purposes, in advance of the First Quarter (Q1) 2018 financial disclosure on 27 April, in which the Q1 2018 financials will be prepared under IFRS 15.
IFRS 15 changes do not impact the 2017 reported Free Cash Flow or Net Cash position.
There is no change to the FY 2018 guidance as provided in the FY 2017 disclosure:
Based on around 800 commercial aircraft deliveries, compared to 2017 EBIT Adjusted of € 4,253 million (as reported), Airbus expects, before M&A, an increase in EBIT Adjusted of approximately 20 percent. IFRS 15 is expected to further increase EBIT Adjusted by an estimated € 0.1 billion. Free Cash Flow is expected to be at a similar level as 2017, before M&A and Customer Financing.
The restatements resulting from the change in reporting segments do not change the 2017 figures at a consolidated Airbus level.
