Airbus Shares Hit Record High Despite Falling Short on 2021 Delivery Target
Airbus has fallen short of its 2021 delivery target due to pandemic-related disruptions and engine shortages. Despite this, the company's shares have reached record highs, driven by strong performance in the defense sector.
Airbus has delivered 507 aircraft in the first nine months, well below its annual target of around 820. The company attributes this shortfall to supply chain disruptions and production delays caused by the COVID-19 pandemic, as well as persistent engine shortages. However, Airbus's annual performance has improved by 33 percent compared to last year.
Airbus's stock has been soaring, reaching an all-time high of 206.25 euros on Wednesday evening. Over the past five years, Airbus shares have gained 125 percent, outpacing the DAX index by 45 percentage points. The company's market capitalization now stands at 160 billion euros, making it one of the most valuable German stocks. The defense sector has been a significant driver of Airbus's valuation, with increasing demand for military aircraft and related services.
Airbus delivered 73 aircraft in September, bringing the total to 507 for the first nine months. To meet its annual target of approximately 820 deliveries, Airbus needs to deliver over 300 aircraft in the remaining three months. Despite the delivery shortfall, Airbus's stock has reached record highs, reflecting investors' confidence in the company's long-term prospects.
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