EADS revenue down 1.0%, reports red ink in 2009; EBIT down EUR322 million

EADS revenue down 1.0% - financial highlights for the 12 months ended 31-Dec-2009:

• Revenue: EUR42,822 million, -1.0% year-on-year;
  • Airbus Commercial: EUR26,370 million, -0.6%;
• Cost of sales: EUR38,383 million, +6.9%;
• EBIT* before on-off times: EUR2,200 million, -33.3%;
• EBIT*: (EUR322 million), compared to a profit of EUR2,830 million in the previous corresponding period;
  • Airbus Commercial^: EUR386 million, -83.3%;
• Profit (loss) before finance result and income tax: (EUR380 million), compared to a profit of EUR2,772 million in the previous corresponding period;
  • Airbus Commercial: EUR363 million, -84.1%;
• Net profit (loss): (EUR763 million), compared to a profit of EUR1,572 million in the previous corresponding period;
• Total Order Book**: EUR389,100 million, -2.8%;
  • Airbus Commercial: EUR320,321 million, -5.0%;
• Order Intake: EUR45,847 million, -53.5%;
  • Airbus Commercial^: EUR23,461 million, -71.4%;
• Commercial aircraft deliveries: 498, +3.1%. [more]

*Pre-goodwill impairment and exceptional
**Based on list price
^Includes EFW and excludes A400M

EADS: "Progressive recovery in traffic and yield especially in emerging markets should first stabilise airline financials before it leads to additional ordering activity. Based on a number of active campaigns, which should lead to 250-300 new gross orders in 2010 and a stable overbooked backlog on single aisle aircraft, Airbus decided to increase production rate from 34 to 36 aircraft per month on single aisles starting in December 2010 while keeping the long range programme production rates roughly stable at around 8 aircraft per month. In 2010, Airbus expects to deliver up to the same level of aircraft as in 2009 and new gross orders should range between 250 and 300 aircraft," Company statement. Source: EADS, 09-Mar-2010.