|Revenues||more than € 44 billion|
|Airbus deliveries||more than 500 aircraft|
|Airbus gross orders||up to 500 aircraft|
|EBIT *||at least € 1.1 billion|
|EBIT* before one-off||around € 1.2 billion|
|Free Cash Flow before customer financing||around € 1.0 billion|
|Free Cash Flow||above € 800 million|
In 2010, Airbus gross orders should be up to 500 thanks to the commercial aircraft upturn and Airbus deliveries should be slightly more than 500.
EADS’ guidance is based on an assumption of €1 = $1.35 for the Q4 2010 average rate and year-end closing spot rate.
EADS revenues should be more than € 44 billion.
At slightly more than 500 deliveries, EADS confirms its EBIT* before one-off guidance at around € 1.2 billion.
Going forward the EBIT* performance of EADS will be dependent on the Group’s ability to execute on the A400M, A380 and A350XWB programmes, in line with the commitments made to its customers.
Using the above exchange rate assumptions, EADS increases its EBIT* guidance to at least € 1.1 billion.
EADS is also increasing its Free Cash Flow guidance. Provided a sustainable year-end cash inflow of institutional and government business, the Free Cash Flow before customer financing should be around € 1 billion and Free Cash Flow after customer financing should be above € 800 million compared to the previously expected free cash outflow of around
€ -600 million.
* EADS uses EBIT pre-goodwill impairment and exceptionals as a key indicator of its economic performance. The term “exceptionals” refers to income or expenses of a non-recurring nature, such as amortization expenses of fair value adjustments relating to the EADS merger, the formation of Airbus S.A.S. and the formation of MBDA, and impairment charges