EADS remains positive in economic down-turn

Airbus image
Airbus image

July 28: EADS announced its half-year results and claimed it is “well positioned to face the crisis in the current phase of limited economic visibility,” with earnings before interest and taxes of €888 million, an order book worth around €390 billion and a 6% drop in net profit to €378 million (from €403 million a year ago).
“Thanks to our robust business and our disciplined financial management, EADS is in good shape,” said Louis Gallois, Chief Executive Officer of EADS. “At the same time, challenges in new programmes remain and have to be addressed. We welcome the commitment of our A400M launch customers to the programme.” Customer for the A400M, OCCAR, and the launch nations recently reiterated their commitment to the programme at the Defence Ministers’ meeting in Le Castellet, France.
Airbus still hopes to capture 300 airliner orders in 2009, although by the end of June the order book stood at just 90. It expects to deliver 14 A380s in 2009.