EADS receives "IPO Management Award" in the "Best Newcomer" category
EADS CEO Rainer Hertrich welcomes the prize as recognition of the company's trailblazing role in Europe
Frankfurt am Main, 01 June 2001
EADS European Aeronautic Defence and Space Company has been honoured with the "IPO Management Award" as the "Best Newcomer" amongst all initial public offerings since July 2000. With this award - which was presented on 31 May in Frankfurt - the economics and finance newspaper "Financial Times Deutschland" and the strategic industrial consultants "Monitor Group" acknowledged the successful management of the first pan-European initial public offering (IPO) and one of the largest European initial listings of the year 2000.
Rainer Hertrich, CEO of EADS, welcomed the prize: "We are very pleased about this acknowledgement of the successful IPO of EADS. The simultaneous listing in Frankfurt, Madrid and Paris represented a particular challenge for us and we also view the award as recognition of the European trailblazing role of EADS. The award strengthens our conviction that the aerospace industry is a highly modern branch with excellent growth and profit prospects for investors."
Axel Arendt, Chief Financial Officer (CFO) of EADS, commented on the IPO Management Award: "This award for EADS confirms our strategy of having implemented the IPO in the shortest time possible and with clear targets for the new company. Since then, the investors have been recognising increasingly that we are not only a good newcomer but also that our performance is good; we are fulfilling or even exceeding the forecasts we made at the IPO."
On 17 May 2001, EADS was awarded the first prize for the most important economic operation of the year 2000 by the French "Club des 30". The "Club des 30", in which the CFOs of the most important French companies are members, chose the formation and the IPO of EADS as the best financial operation.
With revenues of EUR 24.2 billion in 2000 and a workforce of 100,600, EADS is the leading European company in its branch and on the way to becoming Number 2 in the world. EADS is quoted on the Frankfurt, Madrid and Paris stock exchanges. The company was formed on 10 July, 2000 following the merger of Aerospatiale Matra of France, DaimlerChrysler Aerospace (Dasa) of Germany and the Spanish CASA.
Contact:
Eckhard Zanger
EADS Communications Finance
Tel. 0049 (0)89 60727961
