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EADS Profit Leaps on Airbus Sales

May 14, 2013

Net profit at the European Aeronautic Defence and Space Co NV (EADS) jumped 91 per cent year-on-year in the first quarter of 2013, driven by Airbus deliveries, the company said Tuesday.

The parent of commercial aircraft manufacturer Airbus SAS saw net profits reach 241 million euros (316 million dollars) for the January-to-March period.

Revenues were 9 per cent up on a year earlier at 12.4 billion euros, the company said in a press release online.

The rise was due to an increase in its commercial aircraft deliveries, while business in the group's defence arm remained stable, it said.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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