EADS financial results 2008

EADS, parent of Airbus, posted its financial results for 2008. The press release may be obtained here. EADS summaries of the results:

  • Group EBIT* of € 2.8 billion – supported by excellent underlying performance, significant positive foreign currency effects but burdened by programme charges
  • Net Income of € 1,572 million (FY 2007: € -446 million)
  • Free Cash Flow exceeded expectations with € 2.6 billion
  • Robust balance sheet with Net Cash at a record level of € 9.2 billion
  • Revenues increased by 11 percent to € 43.3 billion
  • Order book grew 18 percent to a record of € 400 billion
  • Dividend proposal of € 0.20 per share
  • A400M issues with customers and suppliers pending

The analyst call may be obtained by clicking the top right webcast item on this page. The 20 page PDF earnings slide show may be obtained here.

The A400M program took a charge of 704m Euros, or more than $894m at today’s exchange rate.
EADS predicts between 300 and 400 orders for Airbus this year.

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