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Birmingham Post
Birmingham Post
Business
Andrew Arthur

Airbus earnings up despite supply chain issues impacting output

Aerospace giant Airbus has targeted the delivery of 720 commercial aircraft in 2023 after supply chain pressures impacted its production last year.

The company, which employs thousands of people at its UK sites in Filton, South Gloucestershire, and Broughton, North Wales, reported increased revenue for 2022 of €58.8bn (£52.2bn) - up from € 52.1bn (£46.2bn) in 2021.

Adjusted earnings before interest and tax (EBIT) also rose by 16% to € 5.6bn (£4.9bn), with bosses targeting a rise to €6bn (£5.3bn) for the current financial year.

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