Still, the company said it was heavily affected by the German government's decision to ban exports of military equipment to Saudi Arabia. According to the company management, the extension of the ban was worth $ 297 million ($ 6.8 billion).
Defense and Aviation Division's profit fell to EUR 101 million (EUR 2.3 billion) from EUR 112 million (CZK 2.56 billion) a year ago. On the other hand, higher sales of A320neo aircraft and reduced costs for the larger A350 model contributed to a significant increase in adjusted earnings. Nonetheless, Airbus continues to face challenges in producing new A321 cabs.
The helicopter division's operating profit was 15 million euros (342.9 million crowns) compared to last year's loss of three million euros. This was due to higher sales and service revenues.