EADS revenue up 6.4%, returns to profitability in 2010

EADS revenue up 6.4% - financial highlights for the 12 months ended 31-Dec-2010:

• Revenue: EUR45,752 million, +6.8% year-on-year;
  • Airbus Commercial: EUR27,673 million, +4.9%;
• Profit before tax: EUR1187 million, compared with a loss of EUR380 million in p-c-p;
  • Airbus Commercial: EUR264 million, -27.3%;
• Net profit: EUR553 million, compared with a loss of EUR763 million in p-c-p;
• Total order book*: EUR448.5 billion, +15%;
• Aircraft deliveries:
  • Airbus Commercial: 510, +2.4%;
• Total assets: EUR83,187 million, +3.5%;
• Total liabilities: EUR74,251 million, +6.2%;
• 2011 forecast:
  • Revenue: Above 2010 level;
  • EBIT**: EUR1300 million, stable;
  • Aircraft deliveries: 520 to 530 commercial aircraft. [more]

*Commercial order book based on list price
**Pre-goodwill impairment and exceptional and before one-off items

EADS: "EADS expects 2011 EBIT before one-off to remain stable compared to the 2010 level, at around EUR1.3 billion. Increasing volume and price improvement at Airbus Commercial are roughly compensated by the deterioration of hedge rates, increasing R&D and less favourable mix of activities at Cassidian," Company statement. Source: EADS, 09-Mar-2011.