EADS reports strong profit growth in 1Q2013, sees 'moderate' growth in 2013

EADS revenue up 9% - financial highlights for three months ended 31-Mar-2013:

• Revenue: EUR12,387 million, +8.6% year-on-year;
  • Airbus: EUR9181 million, +14.5%;
    • Airbus Commercial: EUR8822 million, +15.9%;
• EBIT: EUR596 million, +79.0%;
  • Airbus: EUR456 million, +165%;
    • Airbus commercial: EUR463 million, +243%;
• Net profit: EUR241 million, +91.3%;
• Order intake: EUR49,900 million, +316%;
• Order book: EUR614,300 million, +16.7%;
• Total assets: EUR92,135 million, stable when compared to period ended 31-Dec-2012;
• Cash and cash equivalents: EUR5863 million, -33% when compared to period ended 31-Dec-2012;
• Total liabilities: EUR82,643 million, +1% when compared to period ended 31-Dec-2012;
• 2013 forecast:
  • Revenue: Moderate growth;
  • Commercial aircraft orders: Around 700 aircraft;
  • Airbus deliveries: 600 to 610 aircraft. [more - original PR]

EADS: "As the basis for its 2013 guidance, EADS expects the world economy and air traffic to grow in line with prevailing independent forecasts and assumes no major disruption due to the current sovereign debt crisis. Due to lower A380 deliveries and assuming an exchange rate of EUR1 = USD1.35, EADS revenues should see moderate growth in 2013." Source: Company Statement, 14-May-2013.