Edition: International | Greek
MENU

Home » Business

Airbus helps EADS boost profits

By: EBR - Posted: Tuesday, May 10, 2005

Airbus helps EADS boost profits
Airbus helps EADS boost profits

Airbus planes maker EADS has said rising sales led to healthy growth in the three months to the end of March.

Net profit rose to 328m euros (£222.6m; $419.8m) against 49m euros (£33.2m; $62.7m) at the same time last year.
Sales soared 16% to 7bn euros from a year ago. Airbus left its 2005 forecast unchanged at sales of 33bn euros based on sales of 350 to 260 Airbuses.
"The successful A380 first flight demonstrates the potential for further strong revenues," the company said.

Space business
Shares in European Aeronautic & Defence Company rose 0.62% to 22.85 euros in mid-morning trade on the Paris Stock Exchange.
Philippe Camus and Rainer Hertrich, both chief executives at EADS, added: "Our defence businesses are also set for strong revenues.
"In addition, progress at EADS Space has been strong indicating that the space business will contribute positively to the portfolio."
EADS' order intake in the first three months amounted to nearly 9bn euros, compared with 3.4bn euros in its 2004 first quarter.
The increase is mainly due to stronger Airbus and space-division orders.
EADS co-owns Airbus with British defence giant BAE Systems, which holds a 20% stake in the Toulouse-based aircraft maker.

READ ALSO

EU Actually

PM Francois Bayrou’s ‘moment de verite’

N. Peter KramerBy: N. Peter Kramer

France’s Prime Minister François Bayrou has proposed cutting two public holidays as part of a 2026 budget proposal to slash overall spending

Europe

Europe’s 2040 climate target isn’t just for environmentalists

Europe’s 2040 climate target isn’t just for environmentalists

Europe can’t decarbonise the world on its own. But it must develop policies that work so that other nations can copy and adapt them

Business

To save the Single Market, bring back Delors’ 1992 playbook

To save the Single Market, bring back Delors’ 1992 playbook

Most people familiar with EU affairs know the single market is a myth. Hailed as the bedrock of the European Union, it was never completed and is now crumbling.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2025. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron