Posts Tagged ‘volume’

28
Jul

Boeing's earnings decline, but above expectations

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Boeing released a quarterly earnings above expectations but down from last year due to lower deliveries of aircraft.

The U.S. group, world number two sector behind Airbus (EADS) has achieved in second quarter net earnings of $ 787 million, or $ 1.06 per share, against 998 million ($ 1.41 per share) a year earlier.

Financial analysts had expected a profit of $ 1.01 per share according to Thomson Reuters I / B / E / S.

The quarterly revenue fell 9% year on year to 15.6 billion dollars.

Sales of the division of civil aviation has dropped 12% to $ 7.4 billion aircraft deliveries declined by 9%.Boeing Commercial Airplaines recorded 88 orders for the quarter and 20 cancellations.

The backlog stood at 3,304 civil aircraft late June, for a value of 252 billion dollars.

The turnover of the defense business has declined in parallel from 8% to $ 8 billion, mainly due to lower volumes in the Network & Space Systems branch.

Net sales of Boeing Capital has dropped 3% to 162 million.

14
Jun

2010 EADS sales may exceed forecast

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The 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.