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| Airbus owner EADS reports strong profits | Airbus owner EADS reports strong profits |
| (35 minutes later) | |
| Aerospace and defence group EADS has reported a rise in profits and sales in 2012, boosted by a strong performance from its aircraft maker Airbus. | Aerospace and defence group EADS has reported a rise in profits and sales in 2012, boosted by a strong performance from its aircraft maker Airbus. |
| Net profit for 2012 at EADS rose 19% to 1.23bn euros ($1.61bn; £1.06bn). Revenues rose 15% to 56.48bn euros. | Net profit for 2012 at EADS rose 19% to 1.23bn euros ($1.61bn; £1.06bn). Revenues rose 15% to 56.48bn euros. |
| Revenues at Airbus rose 17% to 38.59bn euros, mostly due to commercial sales. | Revenues at Airbus rose 17% to 38.59bn euros, mostly due to commercial sales. |
| Looking ahead, EADS said its focus was on growing profits, adding there was "still some way to go to meet our profitability targets". | |
| For 2013, it is targeting an operating profit of 3.5bn euros and expects to see "moderate growth" in revenues. | |
| Focus on deliveries | |
| In 2012 the group's order intake showed "continuing commercial momentum across the EADS portfolio". | |
| At the end of 2012, its order book had increased by 5% to 566.5bn euros. | |
| "A strong focus on deliveries helped to significantly improve cash generation during the fourth quarter," said chief executive Tom Enders in a statement. | |
| "Going forward, the focus on bottom line growth remains our priority number one as a management team." | |
| Last month, rival Boeing also reported a sharp rise in profits, thanks in part to stronger sales of commercial planes. |