EADS reports better than expected full year 2011 results

EADS’ revenues increased 7% to €49.1bn (FY 2010: €45.8bn). This growth is driven by volume and mix effects at Airbus and the increase of commercial activity at Eurocopter. EBIT before one-off (adjusted EBIT) stood at around €1.8bn (FY 2010: €1.3bn) for EADS and at around €0.5bn for Airbus (FY 2010: around €0.3bn). Net Income increased by 87% to €1,033m (FY 2010: €553m). EADS’ Net Cash position amounted to a solid €11.7bn (year-end 2010: €11.9bn) after acquisitions. It also reflects a cash contribution to pension – assets of €489m. EADS’ order intake increased by 58% to €131.0 billion (FY 2010: €83.1bn), driven by the higher level of commercial aircraft orders at Airbus. At the end of December 2011, the Group’s order book increased by 21% to €541.0bn (year-end 2010: €448.5bn).