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Airbus commercial returns to profits in 4Q2011, EADS 2011 profits strong

9-Mar-2012 11:24 AM

Airbus parent EADS revenue up 16% - financial highlights:

  • Three months ended 31-Dec-2011:
    • Revenue: EUR16,441 million, +16% year-on-year;
      • Airbus Commercial: EUR10,039 million, +39%;
    • EBIT: EUR811 million, +81%;
      • Airbus Commercial: EUR237 million, compared to a loss of EUR37 million in p-c-p;
    • Net profit: EUR612 million, +72%;
  • 12 months ended 31-Dec-2011:
    • Revenue: EUR49,128 million, +7% year-on-year;
      • Airbus Commercial: EUR31,159 million, +13%;
    • EBITDA: EUR3520 million. +27%;
    • EBIT: EUR1696 million, +38%;
      • Airbus Commercial: EUR543 million, +87%;
    • Net profit: EUR1033 million, +87%;
    • Aircraft deliveries:
      • Commercial aircraft: 534, including 26 A380s;
    • Net aircraft orders:
      • Commercial aircraft: 1419;
    • Order book: EUR540,978 million, +21%;
      • Airbus Commercial: EUR475,477 million, +25%;
    • Total assets: EUR88,476 million, +6%;
    • Cash and cash equivalents: EUR5284 million, +5%;
    • Total liabilities: EUR79,606 million, +7%;
  • 2012 forecast:
    • Revenue: +6%;
    • EBIT: Above EUR2500 million;
    • Aircraft deliveries:

EADS: “Going forward, the reported EBIT and EPS performance of EADS will be dependent on the Group’s ability to execute on its complex programmes such as A400M, A380 and A350 XWB, in line with the commitments made to its customers. Based on this EBIT guidance, EADS should continue to generate a positive Free Cash Flow after customer financing and before acquisitions. As it is the most volatile item, especially during uncertain macro-economic times.” Source: Company statement, 08-Mar-2012.