Airbus firm's profits cut in half
on 27/02/2013 08:05:14
Full-year earnings were up 19%.
EADS said it earned €325m in the October-December period, down 47% from the previous year's €612m.
The company said it took charges of €198m at its defence electronics contractor Cassidian, in part reflecting restructuring costs.
Renegotiating contracts with government customers resulted in a €100m charge at helicopter maker Eurocopter.
However, fourth-quarter revenues rose 17% to €19.22bn, with the core Airbus division posting a 36% increase.
Full-year net profit increased to €1.23bn from €1.03bn in 2011.