Airbus Helicopters's earnings surged during the first nine months, with the company today posting strong revenues, profits, and orders. Revenues increased year-over-year by 9 percent, to S4.51 billion, up from $4.13 billion in the same period last year. Meanwhile, earnings before interest and taxes jumped 22 percent, from $311.5 million to $379 million. In the third quarter alone, revenues increased by 15 percent from a year ago to $1.77 billion, while EBIT grew by 28 percent to $164.7 million.
The company said the growth was “partly driven by a growth in services and a favorable mix of programs. It also reflects non-recurring elements booked in Q1, including the positive impact related to retirement obligations.”
Helicopter orders in the first nine months jumped 33 percent from the year-ago period to 246 units, while the order backlog enlarged by 21 percent to 792 aircraft.
Airbus Helicopters CEO Bruno Even said last month that he expects the worldwide helicopter market to continue to rebound into 2023 for the military and civil sectors, both in terms of new orders and hours flown by the installed fleet.