EADS profits up in 1Q2012

EADS revenue up 16% - financial highlights for three months ended 31-Mar-2012:

• Revenue: EUR11,404 million, +15.7% year-on-year;
  • Airbus commercial: EUR7499 million, +12%;
• EBITDA: EUR776 million, +31.7%;
• EBIT: EUR343 million, +78.6%;
  • Airbus commercial: EUR125 million, +17%;
• Net profit: EUR133 million, compared to a loss of EUR12 million in p-c-p;
• Aircraft deliveries: 131 commercial aircraft;
• Aircraft orders: 90 commercial aircraft;
• Order intake: EUR12,004 million, +91.5%;
  • Airbus commercial: EUR7530 million, +106%;
• Order book: EUR526,178 million, -2.7% when compared to period ended 31-Dec-2011;
  • Airbus commercial: EUR460,288 million, -3% when compared to period ended 31-Dec-2011;
• Total assets: EUR88,730 million, +0.3% when compared to period ended 31-Dec-2011;
• Cash: EUR4580 million, -13.3% when compared to period ended 31-Dec-2011;
• Total liabilities: EUR78,550 million, -1.3% when compared to period ended 31-Dec-2011;
• FY2012 forecast:
  • Revenue: +6%;
  • EBIT before on-off: Above EUR2500 million;
  • Aircraft deliveries: 570 aircraft;
    • A380: 30. [more - original PR]

EADS: "Demand for commercial aircraft and civil helicopters remains healthy and our institutional business fared reasonably well despite European budget pressures and an uncertain economic environment. This led to better-than-expected revenues and EBIT before one-off in the first quarter, which strongly confirms the level of our 2012 performance targets," Louis Gallois, CEO. Source: Company statement, 16-May-2012.