Airbus (OTCPK:EADS.F) Update / briefing Transcript

Airbus Q4 2025 Pre-Call Summary Company Overview - Company: Airbus (OTCPK:EADS.F) - Call Date: January 27, 2026 - New Head of Investor Relations: Jean-Christophe Henoux, appointed December 1, 2025 Key Points Financial Performance - Aircraft Deliveries: Delivered 286 aircraft in Q4 2025, an increase of 17 aircraft compared to 269 in Q4 2024, including: - +1 A220 - +9 A320 - +3 A350 - +4 A330 [3] - Fixed Costs: Anticipated mechanical under assumption of fixed costs due to shortfall against initially planned delivery volume [3]. - Foreign Exchange Impact: Stable average blended rate at 1.21 for Q4 2025, expected to have a neutral financial impact compared to Q4 2024 [3]. - Recruitment: Continued hiring in 2025, but at a slower pace than in 2024 [3]. Cost and Inflation - Inflation Impact: Expected low triple-digit negative impact in 2025, slightly less than EUR 200 million negative impact recorded in 2024 [4]. - R&D Expenses: Anticipated to be slightly lower than in 2024 [4]. - Tariffs: Financial impact for 2025 expected to be between EUR 100 million and EUR 200 million, with most recorded in Q4 [4]. Division Performance - Airbus Helicopters: Similar volume of helicopters delivered in Q4 2025 compared to Q4 2024, with solid performance expected in services [5]. - Airbus Defence and Space: A charge of EUR 0.3 billion recorded in Q4 2024 for contract updates; only two-thirds of this charge is expected to normalize [5]. - Free Cash Flow: Expected to reflect higher volume of commercial aircraft deliveries, despite updates to delivery targets impacting inventory levels [6]. Market Outlook - Order Momentum: Strong momentum observed in all divisions for both civil and military markets in Q4 2025 [6]. Communication and Guidance - Quiet Period: Quiet period begins January 29, 2026, with full year 2025 earnings release scheduled for February 19, 2026, at 7:30 A.M. CET [2][7].