Airbus has helped EADS deliver an €1.6 billion profit for the nine months to September. (Airbus)
European aerospace manufacturer EADS has posted a 14 per cent increase in revenues during the first nine months of 2012 to post an EBIT of €1.6 billion from revenues of €12.3 billion.
Net profit fell one per cent to €309 million.
This content is available exclusively to Australian Aviation members.
To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today. A monthly membership is only $5.99 or save with our annual plans.
Unlimited access to all Australian Aviation digital content
Access to the Australian Aviation app
Australian Aviation quarterly digital magazines
Access to In Focus reports via our app
Access to our Behind the Lens photo galleries and other exclusive content
Daily news updates via our email bulletin
The company says the strength of sales from its Eurocopter, Astrium, Cassidian and Airbus Military businesses, together with “ongoing momentum” at Airbus commercial underpinned the positive results.
“Our performance over the first nine months shows double-digit revenue growth and a strong increase in profitability. The latter reflects, not least, our continued focus on program management and execution,” said Tom Enders, CEO of EADS. “However, we will not run out of operational challenges anytime soon, especially at Eurocopter and Airbus. And for the rest of the year, we’ll put strong emphasis on cash generation. Aircraft deliveries are key.”
During the period, EADS invested €2.14 billion in research and development.
iscover
Australian Aviation quarterly print & digital magazines
