Airbus Group reports H1 profits up 10%, and may sell stake in Dassault

admin
By admin July 30, 2014 11:48

Airbus Group reports H1 profits up 10%, and may sell stake in Dassault

Airbus Group has reported its H1 underlying operating profit has risen by 10%, and has reaffirmed its forecasts for the year.

Airbus also said that it was contining to study options for selling its 46% stake in French manufacturer Dassault Aviation, which Airbus effectively inherited during one of the mergers that led to the creation of Airbus Group.

Airbus also stated that its 2015 business outlook remained unchanged before the cost of developing the recently-announced A330neo and that its development costs would trim 0.7% off its 2015 return-on-sales target of 7-8%.

In the first half, core operating profit rose 9.6 percent to EUR1.769 billion (1.4 billion pounds) but this included a capital gain of EUR60 million on the sale of its Paris headquarters building, following the move of its headquarters to Toulouse, France.

Half-year revenues rose 6% to €27.2bn. For Q2, Airbus Group reported revenues of €14.55bn and operating profit of €1.12bn.

admin
By admin July 30, 2014 11:48