EADS reports EUR12m net loss in 1Q2011, maintains 2011 outlook

EADS, parent company of Airbus, revenue up 10% - financial highlights for the three months ended 31-Mar-2011:

• Revenue: EUR8950 million, +10.1% year-on-year;
  • Airbus commercial: EUR6707 million, +12.4%;
• EBIT*: EUR192 million, +131%;
  • Airbus commercial: EUR125 million, +1983%;
• Net profit (loss): (EUR12 million), compared with a profit of EUR103 million in p-c-p;
• Order intake**: EUR6268 million, -56%;
  • Airbus commercial: EUR3647 million, -67%;
• Order book**: EUR422,362 million, -6% when compared with the period ended 31-Dec-2010;
  • Airbus commercial: EUR353,574 million, -7%;
• Total assets: EUR85,147 million, +2% when compared with the period ended 31-Dec-2010;
• Cash and cash equivalents: EUR4958 million, -1% when compared with the period ended 31-Dec-2010;
• Total liabilities: EUR74,345 million, stable;
• FY2011 forecast:
  • Revenue: Above 2010 level;
  • EBIT*: EUR1300 million, stable;
  • Aircraft deliveries: 520 to 530 commercial aircraft. [more]

*Pre goodwill impairment and exceptionals
**Contributions from commercial aircraft activities to EADS order intake and order book based on list prices

EADS: "Our first quarter financial results reflect a good start to 2011. The early market success of the A320neo validates the significant prospects we envisage for this programme and the acquisition of Vector Aerospace in Canada is a major step forward in expanding our services offering," Louis Gallois, CEO. Source: EADS, 13-May-2011.