EADS 2011 net profit leaps to 1.03 billion euros

8th March 2012, Comments 0 comments

European aerospace group EADS said Thursday that its 2011 net profit leapt by 87 percent to 1.03 billion euros ($1.35 billion) and issued an ambitious outlook for this year.

EADS, which owns the plane maker Airbus and helicopter group Eurocopter, said sales gained 7.0 percent to 49.1 billion euros and that its operating profit reached 1.8 billion euros, a gain of 34 percent.

The group expected to raise that figure to 2.5 billion euros this year, which would represent a further increase of 40 percent, and forecast a 6.0 percent increase in sales.

New orders were 58 percent higher in 2011 meanwhile, at 131 billion euros, and raised total EADS orders to 540 billion euros, the equivalent of more than seven years of activity.

© 2012 AFP

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