EADS forecasts 2005 earnings of more than 2.4 million euros

0 Comments | AFP, December, 2004

PARIS (AFP) — The European Aeronautic Defence and Space Company said it expects full-year earnings in 2005 to be higher than 2.4 billion euros (3.2 billion dollars) on sales of 33 billion.

EADS is currently targeting 2004 full-year earnings before interest and taxes (EBIT) of 2.2 billion euros.

In a statement detailing its forecasts for next year, the group also said it would deliver 350-360 Airbus aircraft, adding that costs linked to the A380 and the new A350 would not push self-financed research and development above this year's level.

Outgoing EADS co-chief executive Rainer Hertrich had previously said he expected an increase of 10 percent in deliveries for 2005. The current year is expected to show deliveries reaching 315-320 aircraft.

Airbus is...