EADS confirms previous guidance on EBIT margin
Amsterdam, 18 December 2002
EADS confirms its EBIT guidance provided on 14 November 2002. At that time, the company had assured the financial markets that it will develop into a double-digit EBIT margin company, but that this EBIT margin would be achieved later than 2004. This is due to the low visibility about the future economic developments, particularly since EADS has witnessed a considerable global slowdown of economic expectations in terms of Gross Domestic Product growth and specifically a reversal of the air traffic recovery. In a statement published on 18 December 2002, EADS reiterated this guidance, adding that the A380 programme would make a significant EBIT contribution after the initial stages of serial production ramp-up.
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