Boeing earns 9,165 million in 2018, up 24%, with record revenue | Economy

Boeing earns 9,165 million in 2018, up 24%, with record revenue | Economy



The American aeronautical firm Boeing reported this Wednesday that last year had a net profit of 9,165 million euros, 24% more than in the previous year, thanks to the record revenue it obtained of 88,616 million euros. The company, headquartered in Chicago (USA), closed last year with revenues 8% higher than 2017. As for the fourth quarter of 2018, the company had a net profit of 3,000 million euros, 3% more respect to the same period of 2017. Revenue for the fourth quarter of 2018 grew by 14% to 24,834.79 million euros.

These data are well above what analysts expected, good results in which the large number of aircraft delivered during the last year have much to do. Trade tensions between the US and China The shares of Boeing have recently been shaken, although these recovered to a large extent the losses of November and December during this month of January, more benign especially after several contracts were announced.

The chairman and CEO of Boeing, Dennis Muilenburg, has highlighted in a statement the work of the entire team to satisfy customers, which has boosted record revenue, profits and cash flow. "In the last five years we have invested almost 35,000 million in strategic areas of our business, while increasing cash returns for shareholders," said Muilenburg, who has also advanced that they will remain focused on executing their production and development programs. , as well as its growth.

The commercial aircraft business of Boeing broke a record with the delivery of 806 aircraft last year. The company expects to break that record in 2019 as it expects deliveries to be between 895 and 905 next year.

The operating profit from jet manufacturing increased to 15.6% in the fourth quarter, compared to 11.6% the previous year. Likewise, the Boeing defense unit grew by 5336 million euros in the fourth quarter driven by a growth in the volume of F / A-18 fighter jets, satellites and weapons programs.

As the second largest defense firm in the world, Boeing secured a significant number of Pentagon contracts last year. Only in September, Boeing received more than 20 contracts with an accumulated value of 11,984 million euros.

Boeing's results have been very welcome at the opening of the Wall Street session, as its titles led gains in the Dow Jones.

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