EADS confirms its profit targets
Amsterdam, 07 August 2001
EADS has confirmed its short and medium term profit targets on Tuesday, following news about a possible lower increase in commercial aircraft deliveries by 2003. "Our forecasts of an increase in earnings by 15% in 2001, based on an EBIT of EUR 1.4 billion in 2000, as well as of a 10% EBIT margin by 2004, are still valid. Revenues are expected to grow by 20% in 2001. EADS and its Airbus division remain on a strong and sustainable growth path, based on its high order backlog. Order intake continues to be substantially above revenues", EADS-CEO Rainer Hertrich said. The company also confirmed that Airbus will deliver about 330 aircraft in 2001, after 311 in 2000. "Around 400 aircraft to be delivered in 2003 seems to be a reasonable figure, and it still means a substantial increase in deliveries", Hertrich said. The Airbus production system is flexible enough to meet customer demand and to adapt to market developments. Details about the medium-term Airbus delivery plan will be presented at the EADS half-year results press conference on 20 September 2001. EADS will publish its revenues and order intake figures on the first half-year 2001 on 9 August.
Contact:
Eckhard Zanger
EADS Communications Finance
Tel.: +49 89 607 27961
