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Airbus parent revenue gain 0.6%, profits down in 2Q2010

2-Aug-2010 11:53 AM

EADS, parent of Airbus, revenue gains 0.6% - consolidated financial highlights:

  • Three months ended 30-Jun-2010:
    • Revenue: EUR11,358 million, -3.2% year-on-year;
    • Cost of sales: EUR9,782 million, +1.5%;
    • Net profit: EUR82 million, -60.6%;
  • Six months ended 30-Jun-2010:
    • Revenue: EUR20,308 million, +0.6%;
      • Airbus Commercial: EUR12,965 million, -1.8%;
    • Cost of sales: EUR17,626 million, -2.5%;
    • Profit before tax*: EUR600 million, -50%;
      • Airbus Commercial: EUR241 million, -67.3%;
    • Net profit: EUR185 million, -51.1%;
    • Total assets: EUR83,450 million, +4% when compared with period ended 31-Dec-2009;
    • Total liabilities: EUR78,211 million, +12% when compared with period ended 31-Dec-2009;
    • Operating cash flow: EUR59 million, compared with a negative cash flow of EUR547 million in p-c-p;
    • Cash and cash equivalents: EUR5,328 million, -23.9% year-on-year;
    • Order intake: EUR30,800 million, +79%;
    • Order book**: EUR454,500 million, +17%;
      • Airbus Commercial: EUR385,677 million, +19.2%. [more]

*Before pre-goodwill impairment and exceptionals
**Based on list prices

EADS: “Berlin and Farnborough Air Show orders reflect an improvement in the commercial aviation market. I am particularly glad to see the return of aircraft lessors. However, the institutional outlook is more challenging as public budgets in our domestic markets are under tight review,” Louis Gallois, CEO. Source: EADS, 30-Jul-2010.