Skip to main contentAccess keys help

[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 9 May, 2005, 16:57 GMT 17:57 UK
Airbus helps EADS boost profits
The A380 passenger jet, unveiled in Toulouse in January
The successful A380 first flight could help to boost future revenues
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 360 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 0.2% to 22.75 euros 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.




SEE ALSO:
In pictures: The A380's maiden flight
27 Apr 05 |  In Pictures
Airbus sales help EADS fly higher
09 Mar 05 |  Business
EADS closes in on RAF tanker deal
28 Feb 05 |  Business
Airbus unveils 'superjumbo' jet
18 Jan 05 |  Business
Airbus A380 is $2bn over budget
15 Dec 04 |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
AmericasAfricaEuropeMiddle EastSouth AsiaAsia Pacific