2/13/2020, 6:55 AM (Source: TeleTrader)
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Airbus posts loss per share of €4.56 in Q4

Airbus SE said on Thursday that its loss per share stood at €4.56 in the fourth quarter of 2019, marking a sharp drop from earnings per share of €2.06 achieved in the same period a year earlier. Net loss for the quarter amounted to €3.5 billion and adjusted EBIT fell 9% to €2.8 billion, while revenues rose 4% year on year to €24.3 billion..

For full fiscal 2019, the aerospace giant's revenue amounted to €70.5 billion, rising 11% from 2018, with the rise mainly attributed to record commercial aircraft deliveries. Adjusted EBIT for the twelve-month period climbed 19% to €6.9 billion, while net loss was €1.4 billion, or €1.75 per share.

"We achieved a great deal in 2019. We delivered a strong underlying financial performance driven mainly by our commercial aircraft deliveries," CEO Guillaume Faury stated. "The reported earnings also reflect the final agreements with the authorities resolving the compliance investigations and a charge related to revised export assumptions for the A400M," he pointed out.

Breaking the News / NP