EADS raises outlook
30 Jul 2010
EADS saw first-half net profit halve, but shares in the defence company were in demand after it raised its earnings forecast for the full year.
Net profit fell to €82m in the three months to 30 June from €208m last time as sales slipped 3% to €11.36bn.
The group expects revenue to top €44bn this year from last year's level of €42.82bn, while adjusted earnings before interest and tax should reach about €1.2bn.
Chief financial officer Hans Peter Ring said on a call today that the general outlook at EADS has changed from "cautiously optimistic" to "optimistic" in recent weeks, adding that he is "surprised" by the speed of recovery in the civil aviation market.
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