17-May-2010 11:48 AM

Airbus parent revenue up 6%, profits slide in 1Q2010

EADS, parent of Airbus, revenue up 6% - financial highlights for the three months ended 31-Mar-2010:

  • Revenue: EUR8,950 million*, +6% year-on-year;
    • Airbus: EUR6,264 million, +6%;
      • Airbus Commercial**: EUR5,989 million, +9%;
  • EBITDA: EUR457 million, -22%;
  • EBIT: EUR83 million, -64%;
    • Airbus: EUR7 million, -92%;
      • Airbus Commercial**: EUR6 million, -97%;
  • Net profit: EUR103 million, -39%;
  • Order intake*: EUR14,382 million, +54%;
    • Airbus: EUR11,158 million, +523%;
      • Airbus Commercial**: EUR11,035 million, +562%;
  • Order book: EUR415,792 million, +7% when compared to period ended 31-Dec-2009;
    • Airbus: EUR366,051 million, +8% when compared to period ended 31-Dec-2009;
      • Airbus Commercial: EUR346,182 million, +8% when compared to period ended 31-Dec-2009;
  • FY2010 outlook:
    • Revenue: Stable, based on the average spot rate of EUR1 = USD1.40;
    • EBIT: EUR1,000 million;
    • Aircraft delivery: similar to the 498 delivered in 2009. [more]

*Contributions from commercial aircraft activities to EADS Order Intake and Order Book based on list prices
**The Airbus Commercial perimeter includes EFW and the completed aerostructures reorganisation, but now excludes the A400M. Airbus Military includes the former Military Transport Aircraft Division as well as all A400M activity

EADS: “I am cautiously optimistic that our industry is slowly on its way back up. Economic indicators signal a recovery trend of the global economy. This has a clear positive impact on air traffic. But recent turbulence on the financial markets also reminds us that the crisis is not yet fully behind us. Volatility is still high, particularly due to the weakness of some Euro-zone economies. Due to the corresponding strengthening of the Dollar, EADS should benefit in the mid- and long-term if the Dollar trend is confirmed. The key priority for this year is to deliver on our programmes. We need to progress with the A380, to finalise the contract amendment with the Customer Nations on A400M, while moving forward on the technical side and to step up the development of the A350,” Louis Gallois, CEO.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More