EADS announces record order book results for 2011

EADS has announced its full-year results for 2011.

EADS said that, despite a volatile macroeconomic climate, it continued to grow and to improve its financial performance, particularly thanks to strong commercial momentum backed by resilient air traffic figures. Defence markets, however, remained under pressure in the Western world.

The order intake reached €131bn (£109bn) while EADS’ order book stood at a record €541bn. Revenues amounted to €49.1bn.

The earnings before interest and taxes (EBIT) before one-offs of around €1.8bn benefited from good performance in Airbus legacy programmes and Airbus Military, as well as commercial series and services activity at Eurocopter.

Cashflow generation remained strong and led to a net cash position of €11.7bn.