Airbus maker European Aeronautic Defence and Space Co., popularly known as EADS NV, (EADSY.PK,EADSF.PK) Tuesday reported a 91 percent surge in first-quarter profit, driven by higher commercial aircraft deliveries. Revenues climbed 9 percent. The company also backed its full-year outlook.
EADS CEO Tom Enders said, ''...We had a rather good start into 2013 with improved revenues and profitability. Management continues to focus on improving the bottom line performance in 2013 and beyond."
Net income surged to 241 million euros ($313.5 million) from the prior year's 126 million euros.
Earnings Before Interest and Tax or EBIT climbed to 596 million euros from 333 million euros and included one-off charges of 145 million euros at Airbus.
Adjusted EBIT were 741 million euros, while it totaled 475 million euros last year.
Quarterly revenues increased 9 percent to 12.4 billion euros from last year's 11.4 billion euros, reflecting higher aircraft deliveries at Airbus Commercial.
In the Airbus division, revenue increased 14 percent to 9.18 billion euros with a 16 percent growth in Airbus Commercial to 8.82 billion euros.
Airbus aircraft deliveries increased to 144 aircraft from last year's 131 aircraft. Airbus Commercial recorded 410 net aircraft orders in the quarter, up from 90 net orders last year.
Within the segment, Airbus Military revenues climbed 45 percent to 615 million euros due to higher invoicing on tanker aircraft and the A400M
Eurocopter revenues fell 13 percent to 1.038 billion euros amid lower deliveries. EADS said Eurocopter has faced some revenue and EBIT pressure owing to technical problems with the Super Puma fleet.
Revenue from Astrium advanced 3 percent and that from Cassidian rose 2 percent from last year.
Order intake surged to 49.9 billion euros from 12 billion euros, driven by significant orders for Airbus Commercial. The order book had 614.3 billion euros at the end of the first quarter, while it was 566.5 billion euros last year.
Some prior-year figures have been restated to reflect the change to pension accounting under IAS 19. Some Airbus' figures also reflect the inclusion of ATR and Sogerma within Airbus Commercial.
EADS also reaffirmed its guidance for full year 2013. On an adjusted basis, EADS targets EBIT of 3.5 billion euros and earnings per share of around 2.50 euros, up from last year's 2.24 euros, prior to the on-going share buyback.
Expecting lower A380 deliveries, EADS still sees moderate revenue growth in 2013. Airbus deliveries are expected to continue to grow between 600 and 610 commercial aircraft.
The aircraft maker said the A350 XWB program, to compete with Boeing Co.'s (BA) 787 and 777, remains challenging and that any schedule change could lead to an increasingly higher impact on provisions.
The stock slid 0.8 percent on Monday to settle at 41.20 euros.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.