AIRBUS - 2019 Registration Document

Management’s Discussion and Analysis of Financial Condition and Results of Operations  / 2.1 Operating and Financial Review

2.1.4 Results of Operations

The following table summarises the IFRS Company’s Consolidated Income Statements for the past three years and for the three- month period ended 31 March 2019 and 2018:

Three-month period ended 31 March 2019 (unaudited)

Three-month period ended 31 March 2018 (unaudited)

Year ended 31 December 2017 as restated (1)

Year ended 31 December 2017 as reported

Year ended 31 December 2016 as reported

Year ended 31 December 2018

(In € million)

Revenue

12,549

10,119

63,707

59,022

66,767

66,581

Cost of sales

(11,169)

(9,045)

(54,920)

(52,149)

(59,160)

(61,317)

Gross margin

1,380

1,074

8,787

6,873

7,607

5,264

Selling and administrative expenses Research and development expenses

(584)

(542)

(2,435)

(2,439)

(2,439)

(2,723)

(654)

(616)

(3,217)

(2,807)

(2,807)

(2,970)

Other income

70

256

1,656

981

981

2,689

Other expenses

(21)

(9)

(182)

(336)

(336)

(254)

Share of profit from investments accounted for under the equity method and other income from investments Profit before finance costs and income taxes

(10)

36

439

393

415

252

181

199

5,048

2,665

3,421

2,258

Interest result

(36)

(63)

(232)

(328)

(328)

(275)

Other financial result

(7)

102

(531)

1,489

1,477

(692)

Income taxes

(94)

46

(1,274)

(1,462)

(1,693)

(291)

Profit for the period

44

284

3,011

2,364

2,877

1,000

Attributable to: Equity owners of the parent (Net income)

40

283

3,054

2,361

2,873

995

Non-controlling interests

4

1

(43)

3

4

5

Earnings per share

€

€

€

€

€

€

Basic

0.05

0.37

3.94

3.05

3.71

1.29

Diluted

0.05

0.37

3.92

3.04

3.70

1.29

(1) Previous year figures are restated due to the application of IFRS 15.

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Airbus / Registration Document 2018