27 July 2012
EADS Reports Solid Half-Year (H1) Results 2012

EADS improves guidance due to strong underlying performance

Revenues increase by 14 percent to € 24.9 billion EBIT* before one-off up 89 percent: € 1.4 billion

Net Income* before one-off(4) increases to € 814 million; Net Income increases to € 594 million

Free Cash Flow of € -1.8 billion reflects production ramp-up-related inventory increase and back-loaded deliveries

New hedge contracts of $ 19 billion enhance financial stability

A350 XWB Entry-into-Service moving into H2 2014; € 124 million charge booked which accounts for the actual delay of around three months

EADS (stock exchange symbol: EAD) achieved solid financial results in the first half of 2012, exceeding expectations. Order intake(5) in the first six months reached € 28.2 billion driven by solid order activity at Eurocopter, Astrium, Cassidian and Airbus Military and ongoing commercial momentum at Airbus. At the end of June, EADS’ order book(5) stood at a record level of € 551.7 billion providing stability and visibility in the current macro environment. Revenues amounted to € 24.9 billion. The EBIT* before one-off of around € 1.4 billion benefited from strong underlying performance. The reported EBIT* amounted to € 1.1 billion, significantly above the 2011 level. The Net Cash position amounted to € 9.7 billion.

See full article at EADS