EADS reports increase in revenue to €26bn

EADS reported increased revenues and profitability for the first half of 2013, driven mainly by its commercial aircraft business.

According to a statement, order intake increased sharply to €96.6bn with the order book value reaching €634.8bn at the end of June. The reported EBIT amounted to €1.5bn with a half-year Net Cash position of €5.9bn.

‘We report a solid performance for the first six months and reaffirm our full year guidance,’ said EADS CEO Tom Enders. ‘Cash generation and programme execution are key management priorities for the second half of the year.’

In the first half of 2013, EADS’ revenues increased six per cent to €26.3bn, reflecting the aircraft delivery pattern at Airbus Commercial (+8 per cent) and broadly stable revenues at Eurocopter (- 7 per cent), Astrium (+6 per cent) and Cassidian (+5 per cent) combined. The group’s defence revenues were stable at €5bn.