Arab Today, arab today eads profit leaps as airbus orders soar
Last Updated : GMT 21:55:04
Arab Today, arab today
Arab Today, arab today

EADS profit leaps as Airbus orders soar

Arab Today, arab today

Arab Today, arab today EADS profit leaps as Airbus orders soar

Paris - AFP

European aerospace giant EADS reported a near doubling of first-quarter net profit on Tuesday, boosted by a strong performance by its main subsidiary Airbus which makes airliners. Quarterly profits soared by 91 percent from the level 12 months ago to 241 million euros ($316 million) on strong demand for commercial aircraft. Earnings before interest, tax, depreciation and amortisation jumped by 79.0 percent to 596 million euros, despite exceptional charges of 145 million euros in the Airbus division which is dealing with micro cracks in the wings of its superjumbo aircraft. The price of shares in the group rose by 1.58 percent to 41.85 euros in mid-morning trading. The overall CAC 40 index on the French market was showing a fall of 0.41 percent. At brokers Barclays Bourse, portfolio manager Renaud Murail commented: \"Overall, the results do not contain any bad surprises. The trend is favourable in terms of activity and the group is confirming the good announcements which the market was expecting.\" He said that in addition \"the group is confirming its targets with once again a good number of orders or rumours of orders which are in the air, particularly from companies in the Gulf.\"The European Aeronautic Defence and Space Company said that group orders for the first three months rose to 49.9 billion euros compared to 12 billion during the same period last year. Orders for Airbus\' commercial aircraft showed the highest jump, leaping 496 percent. Sales for the first three months of the year were up 9.0 percent at 12.4 billion euros, the group added. EADS noted that the programme for its future long-haul A350 aircraft, due to be delivered at the end of 2014, remained \"very ambitious\" but that there had been no anouncement of delays since the middle of 2012. The Eurocopter division, making helicopters, which had performed strongly last year, was hit by technical problems affecting its Super Puma model, resulting in a restriction on flying. Sales fell by 13.0 percent and operating profit by 69.0 percent. Orders fell by 36.0 percent in the quarter on a 12-month comparison. EADS said that the performance of Eurocopter should recover during this year because the company had identified the cause of the technical problems. Orders by the space division Astrium fell by 30.0 percent on a 12-month comparison but sales rose by 3.0 percent. Against a background of cuts in defence budgets in the West, the defence arm Cassidian raised sales by 2.0 percent and its operating profit by 40.0 percent. EADS stood by its targets for the full year, expecting EBIT earnings before non-recurrent items to be 3.5 billion euros in 2013 from 3.0 billion euros in 2012. Deliveries of Airbus aircraft should continue to increase to 600-610 commercial aircraft. The group held to a target of 700 orders in the year, which appeared modest since commercial director John Leahy is counting on 750 for the year and had booked 493 by the end of April. EADS said it expected \"modest\" growth for the year, mainly because of a slowing of orders for its superjumbo airliner, the A380, which has been held back by a programme to deal with micro cracks in some of the wing components.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eads profit leaps as airbus orders soar Arab Today, arab today eads profit leaps as airbus orders soar

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday