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.
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.