Last update: 31 July 2008 Send to a friend PrintPrint
 

EBIT *

* EADS uses EBIT pre-goodwill amortization and exceptionals as a key indicator of its economic performance. The term “exceptionals” refers to income or expenses of a non-recurring nature, such as amortization expenses of fair value adjustments relating to the EADS merger and impairment losses. It does not correspond to the definition of extraordinary items under IFRS.

Present structure

 2004 2005 2006 2007 2008
(in million EUR)     
Airbus1,9192,307(572)(881) 
Military Transport Aircraft264875(155) 
Eurocopter201212257211 
EADS Astrium958130174 
Defence & Security226201348345 
Other Businesses2(171)(288)84 
Headquarters / Consolidation49197449274 
Total2,4322,85239952 

1) In the context of the MBDA consolidation change Q2 2007 and H1 2007 figures have been adjusted taking MBDA into account at 37.5 percent.
2) Earnings before interest, taxes, depreciation, amortization and exceptionals
3) Earnings before interest and taxes, pre goodwill impairment and exceptionals
4) EADS continues to use the term Net Income. It is identical with Profit for the period attributable to equity holders of the parent as defined by IFRS Rules.
5) As of 1 January 2008, the consolidation of EADS North America was changed by transferring parts from Defence & Security Division to Other Businesses. Nevertheless, the lead of material business elements remains within the respective Divisions. The figures for Q2 2007, H1 2007 and 31 December 2007 are adjusted accordingly. In the first half of 2008, EADS North America's revenues mainly include revenues linked to the prime contractorship of the LUH programme.
6) Headquarters/Consolidation EBIT* contains the contribution from Dassault; in H1 2007 the Headquarters/Consolidation EBIT* additionally included the gain from the sale of EADS’ stake in Embraer and a corporate real estate sale.
7) Contributions from commercial aircraft activities to EADS Order Intake and Order Book based on list prices
8) ATR, EADS EFW, EADS Socata, EADS Sogerma and EADS North America are allocated to Other Businesses which is not a stand-alone EADS Division.

In the context of the MBDA consolidation change Q1 - 9m 2007 figures have been adjusted taking MBDA into account at 37.5 percent.

As of 1 January 2008, the consolidation of EADS North America was changed by transferring parts from Defence & Security Division to Other Businesses. Nevertheless, the lead of material business elements remains within the respective Divisions. The figures for 2007 are adjusted accordingly.

For 2006, EADS changed its accounting policy from the corridor approach to the equity approach, i.e. all actuarial gains and losses are recognized in Balance Sheet as pension provision thereby reducing equity.Therefore, EBIT* for Q1 2006 has been restated by EUR 11 million. EBIT* for H1 2006 has been restated by EUR 22 million. EBIT* for 9m 2006 has been restated by EUR 33 million.

The following key figures are only an extract from and are not replacing the comprehensive report. A complete set of financial statements for each reporting period can be found on the page "Annual Reports and Registration Document", "Financial Statements" or in the archive.

Previous Structure (3)

 2002 2003 2004
(in million EUR)   
Airbus1,3611,3531,919
Military Transport Aircraft(80)3026
Aeronautics180217204
Space Systems (1)(268)(400)9
Defence & Security Systems122171226
Headquarters / Consolidation11117248
Total1,4261,5432,432

Previous structure (2)

200020012002
(in million EUR)Proforma  
Airbus1,4121,6551,361
Military Transport Aircraft(63)1(80)
Aeronautics296308261
Space Systems (1)67(222)(268)
Defence & Civil Systems(110)(79)40
Eliminations & others(203)31112
Total1,3991,6941,426

1) Full year 2003 includes EADS Astrium at 100% (Full year 2002 at 75%)
2) In 2003, as part of the restructuring of the former Defence and Civil Systems Division, the Military Aircraft business unit of the Aeronautics Division was transferred to the newly organized Defence & Security Systems Division (the “DS Division”). 2002 segment information for the two divisions has been adjusted to reflect this transfer in the table at the top.
(3) EADS' Aeronautics Division was dissolved in June 2005. The newly established Eurocopter Division only accounts for the Eurocopter results. The Business Units ATR, EADS EFW, EADS Socata and EADS Sogerma Services are no longer part of any division, but come directly under the responsibility of Gustav Humbert (EADS EFW and EADS Sogerma Services) and Hans Peter Ring (ATR and EADS Socata). In the adapted segment reporting, EADS allocates the four respective Business Units among 'Other Businesses'.

Stock Quotes

DD/MM/YY --:----
Volume--  shares

THE LATEST PRESS RELEASES

04  September  2008

CIT Aerospace Orders Ten More Airbus Single-Aisle Aircraft

25  August  2008

EADS Defence & Security Ensures Secure Radio Communications During Beijing Games

15  August  2008

EADS Defence & Security Provides Lockheed Martin With Naval Radar For U.S. Coast Guard "Deepwater" Programme

H1 Earnings 2008