Airbus(US:EADSY)2020-07-30 07:52Financial Performance - H1 2020 revenues decreased to €18.9 billion from €30.9 billion in H1 2019[16], a decrease of 38.8%. - H1 2020 EBIT Adjusted was €-0.9 billion, a significant decrease from €2.5 billion in H1 2019[20], including €-0.9 billion COVID-19 related charges[9]. - H1 2020 EPS Adjusted was €-1.01, compared to €2.25 in H1 2019[18]. - Free Cash Flow (FCF) before M&A and Customer Financing was €-12.4 billion in H1 2020, compared to €-4.0 billion in H1 2019[9, 22]. Order Intake and Deliveries - Airbus order intake (net) increased by 239% from 88 units in H1 2019 to 298 units in H1 2020[11, 42]. - Airbus deliveries decreased by 49.6% from 389 units in H1 2019 to 196 units in H1 2020[42]. - Defence and Space order intake (net) increased by 32.4% from €4.22 billion in H1 2019 to €5.588 billion in H1 2020[11]. - Helicopters order intake (net) decreased by 39.0% from 123 units in H1 2019 to 75 units in H1 2020[11, 48]. Liquidity and Hedging - Total Gross Cash was €17.5 billion as of June 30, 2020[39]. - The hedge portfolio as of June 30, 2020, was $87.8 billion at an average rate of $1.23[32]. - In H1 2020, $2.4 billion of new forwards were added, and $9.9 billion of hedges matured at an average rate of €1 = $1.18[32].