Airbus Group profits increase in 2Q2014

Airbus Group revenue up 6% - financial highlights:

• Three months ended 30-Jun-2014:
• • Revenue: EUR14,552 million, +7% year-on-year;
  • • Airbus: EUR10,492 million, +12%;
  • EBIT: EUR1120 million, +26%;
  • • Airbus: EUR811 million, +28%;
  • Net profit: EUR696 million, +31%;
• Six months ended 30-Jun-2014
• • Revenue: EUR27,200 million, +6% year-on-year;
  • • Airbus: EUR19,429 million, +7%;
  • EBIT: EUR1839 million, +24%;
  • • Airbus: EUR1357 million, +24%;
  • Net profit: EUR1135 million, +50%;
  • Total assets: EUR91,211 million;
  • Cash and cash equivalents: EUR6145 million;
  • Total liabilities: EUR80,233 million. [more - original PR]

Airbus Group: "As the basis for its 2014 guidance, Airbus Group expects the world economy and air traffic to grow in line with prevailing independent forecasts and assumes no major disruptions. In 2014, Airbus deliveries should be about the same level as in 2013, including the first A350 XWB delivery. Net commercial aircraft orders should be above the level of deliveries. Using EBIT* before one-off, Airbus Group expects moderate return on sales growth in 2014. The 2015 return on sales target of 7-8 percent is unchanged pre A330neo development, which is assessed to have a net impact of around -70 basis points. The EBIT* and EPS* performance of Airbus Group will depend on the Group's ability to limit "one-off" charges." Source: Company statement, 30-Jul-2014.