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Airbus SE — Earnings Release 2007
Nov 5, 2007
6209_rns_2007-11-05_604d6803-67e1-41f3-b41a-edd0a188bf22.html
Earnings Release
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News Details
Ad-hoc | 5 November 2007 07:00
EADS announces charge estimate for revised A400M delivery schedule
European Aeronautic Defence and Space Company / Miscellaneous
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc release, 5 November 2007
EADS – A400M
EADS announces charge estimate for revised A400M delivery schedule
EADS is completing its determination of the charges it will record in the
third quarter regarding its recent assessment of A400M delivery delays.
While the calculations are not yet finalized, EADS now believes it will
need to expense between € 1.2 billion and € 1.4 billion, of which more than
€ 1 billion for Airbus. This estimate is the best that can be established
at this point of the programme development, and is consistent with the
delays of 6 months, with a risk of a further slippage of up to a half year,
that were announced on 17 October 2007.
This figure does not include new potential issues which could arise from
flight testing, engine development and military systems. EADS remains in
close contacts with its suppliers on these matters.
The above development forces EADS to discontinue its EBIT* guidance for
2007, which will be replaced by an updated guidance on 8 November, along
with the disclosure of third quarter earnings.
The A400M programme features 192 aircraft on order from 9 nations (of which
180 aircraft ordered through OCCAR on behalf of 7 nations).
* EADS uses EBIT pre-goodwill impairment and exceptionals as a key
indicator of its economic performance. The term 'exceptionals' refers to
such items as depreciation expenses of fair value adjustments relating to
the EADS merger, the Airbus Combination and the formation of MBDA, as well
as impairment charges thereon.
05.11.2007 Financial News transmitted by DGAP
Language: English
Issuer: European Aeronautic Defence and Space Company
Beechavenue 130-132
1119 PR Schiphol Rijk
Niederlande
Phone: 00 800 00 02 2002
Fax: +49 (0)89 607 - 26481
E-mail: [email protected]
Internet: www.eads.com
ISIN: NL0000235190
WKN: 938914
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service