2010 EADS sales may exceed forecast
Posted by adminThe European aerospace group EADS expects its sales in 2010 could be higher than expected due to the decline of the euro on foreign exchange markets, as its chief financial officer.
In an interview published in the Financial Times Deutschland, Hans Peter Ring said that the coverage measures taken by the exchange company will have an impact on revenue projections from 2012.
"But it seems that this will be different about our income because we have more volatility. Therefore, our revenues could be better than what was previously expected," he said.
In its projections for 2010, EADS expects stable results over the previous year based on an exchange rate of $ 1.40 per euro.The single European currency fell back to about $ 1.20.
In the long term, said Sunday the chairman of the board of EADS Bodo Übber in the Welt am Sonntag, a weak euro is favorable to the company as it produces in the euro area (and therefore pays a large portion of its costs euro) and its sales are mainly denominated in dollars.