EADS Group nine month to Sep-2009 revenue up 1%, but profit takes a nose dive

EADS Group revenue up 1% - financial highlights for the nine months ended 30-Sep-2009:

• Revenue: EUR29,723 million, +1.0% year-on-year;
  • Airbus segment: EUR20,193 million, -1.8%;
    • Airbus Commercial: EUR19,185 million, -1.7%;
• EBITDA: EUR2,283 million, -27.4%;
• EBIT*: EUR1,089 million, -46.0%;
  • Airbus segment: EUR523 million, -64.3%;
• Net profit: EUR291 million, -73.1%;
• Order intake: EUR24,556 million, -72.3%;
  • Airbus segment: EUR11,335 million, -85.6%;
• Total order book^: EUR378,007 million, -5.7%;
  • Airbus segment: EUR332,035 million, -6.6%;
• Deliveries:
  • Airbus Commercial: 358, +2.6%. [more]
• *Pre-goodwill impairment and exceptional
• ^Based on list price

EADS: "Looking ahead to 2010, the Group is still cautiously monitoring its production rates in a soft market environment. Delivery of Power8 savings, a better aircraft pricing level and further progress in space and defence will be challenged by deterioration of hedge rates and uncertainties surrounding the A380 and if unresolved in 2009 the A400M. October 2009 figures further confirm the bottoming out of the cycle for freight and passenger traffic, notably in emerging economies. Worldwide passenger traffic has increased for the first time since November 2008," Company statement. Source: EADS, 16-Nov-2009.