EADS Third-Quarter Revenues of EUR 5.3 billion confirm year-end forecast
Amsterdam, 15 November 2000
During the first three months of operations as a combined entity, EADS European Aeronautic Defence and Space Company (stock exchange symbol: EAD) achieved revenues of EUR 5,285 million. Year-to-date revenues as of September 30 amounted to EUR 15,870 million, of which the first half year was reported on a pro-forma basis. These revenue figures confirm the growth expectations of EADS for the full year 2000, which exceed its original estimates made at the time of the Initial Public Offering in July 2000.
The revenues shares of the EADS divisions in the third quarter 2000 were as follows:
| Revenues in millions of EUR |
3rd Quarter/ July-Sept. 2000 | Jan.-Sept. 2000 | ||
| Airbus | 3,506 | 10,327 | ||
| Military Transport Aircraft | 146 | 220 | ||
| Aeronautics | 877 | 2,828 | ||
| Space | 555 | 1,639 | ||
| Defence and Civil Systems | 578 | 1,646 | ||
| Eliminations | -377 | -790 | ||
| Total | 5,285 | 15,870 |
The strength of the US Dollar relative to the Euro has contributed to the satisfactory revenues figures, offsetting revenues below expectations in the field of defence.
Philippe Camus and Rainer Hertrich, Co-CEOs of EADS, stated: "Revenues for the third quarter have confirmed our expectations of growth for the full year of 2000. We are pleased to see that our commercial environment remains strong, especially in the commercial aircraft business where Airbus is receiving more orders than expected and continues to increase its production rate. Our backlog of orders stands at an exceptional level of EUR 120.7 billion at the end of September giving us excellent prospects for our future growth."
Order intake between July and end of September 2000 amounted to EUR 7.3 billion. The robust year-to-date orders of EUR 31.2 billion have substantially exceeded original planning estimates, in great part due to the continuation of strong Airbus order intake and the NH90 and Tiger helicopters orders.
EADS was formed on July 10, 2000 following the merger of Aerospatiale Matra of France, DaimlerChrysler Aerospace (Dasa) of Germany and the Spanish CASA. The listing of EADS on the Frankfurt, Madrid and Paris stock exchanges marked the first pan-European offering and one of the largest European listings of the year 2000. EADS is the third largest aerospace company in the world. It has approximately 87,000 employees.
Contact:
Eckhard Zanger
EADS Communications Finance
Tel. +49 89 607 27961
