My Account Menu

CAPA Login


Register to trial CAPA Membership!

EADS returns to profit in 2010

10-Mar-2011

European aerospace giant EADS, the parent of Airbus, reported a net profit of EUR553 million, reversing the EUR763 million net loss in 2009. Revenue rose 6.8%, to EUR45.7 billion, while the company's order book rose 15% to EUR448.5 billion. The manufacturer expects 2011 EBIT before one-off to remain stable compared to the 2010 level, at around EUR1.3 billion. Shares in EADS were 1.1% higher on Wednesday, on an mixed day of trading for aerospace companies.

EADS reported the following financial highlights for the 12 months ended 31-Dec-2010:

  • Revenue: EUR45,752 million, +6.8% year-on-year;
    • Airbus Commercial: EUR27,673 million, +4.9%;
  • Profit before tax: EUR1187 million, compared to a loss of EUR380 million in p-c-p;
    • Airbus Commercial: EUR264 million, -27.3%;
  • Net profit: EUR553 million, compared to a loss of EUR763 million in p-c-p;
  • Total order book*: EUR448.5 billion, +15%;
  • Aircraft deliveries:
    • Airbus Commercial: 510, +2.4%;
  • Total assets: EUR83,187 million, +3.5%;
  • Total liabilities: EUR74,251 million, +6.2%;
  • 2011 forecast:
    • Revenue: Above 2010 level;
    • EBIT**: EUR1300 million, stable;
    • Aircraft deliveries: 520 to 530 commercial aircraft.

*Commercial order book based on list price
**Pre-goodwill impairment and exceptional and before one-off items

Selected Aerospace daily share price movements (% change): 09-Mar-2011


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.