EADS Confirms 2010 Sales, Earnings Outlook
01 Junho 2010 - 11:11AM
Dow Jones News
European Aeronautic Defence & Space Co. NV (EAD.FR) Tuesday
confirmed its full-year outlook and said it still expects earnings
before interest and taxes, or EBIT, of EUR1 billion in 2010.
The market development is still positive, EADS Chief Executive
Louis Gallois said at the company's annual general meeting in
Amsterdam.
Europe's largest aerospace group still expects sales to remain
roughly stable at the EUR42.8 billion level of 2009. However, the
company's calculations are based on a U.S. dollar to euro exchange
rate of $1.40.
German carmaker Daimler AG (DAI) and French holding company
Sogeade Lagardere together with France's government each own a
22.46% stake in EADS. Spanish state holding company SEPI owns a
5.48% stake. The company's free float amounts to 49.6%.
-By Kirsten Bienk, Dow Jones Newswires; +49 69 29725 500;
kirsten.bienk@dowjones.com
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