Plane spotting

9 May 2005 By Marianne Brun-Rovet

The FrancoGerman aerospace group’s operating profits had a terrific first quarter after strong deliveries at its commercial aircraft unit. But it may still be knocked off course as favourable hedges run off and its sales mix switches to less profitable models.

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EADS' first quarter operating profits more than trebled thanks to higher deliveries at Airbus, its commercial aircraft business.

The FrancoGerman aerospace group trebled operating profits to E657m on revenues of E7bn, up 16% year on year.

Airbus operating profits increased to E628m as aircraft deliveries rose to 87 from 67. Profitability at EADS's military transport aircraft, aeronautics, space and security systems divisions also improved.

EADS confirmed its outlook for 2005, forecasting fullyear revenues of E33bn and operating profits of more than E2.6bn.

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