Targets
Revenues                                                          above 2010 level (at 1.35 $ vs €)                            
Airbus deliveries 520 - 530 commercial aircraft
Airbus gross orders above 2011 deliveries
EBIT* before one-off stable (around 1.3 bn€)
EPS above 2010 level (€0.68)
Free cash flow positive

 

EADS’ 2011 guidance is based on an assumption of € 1 = $ 1.35 for average
and year-end closing spot rates.

In 2011, Airbus should deliver 520 to 530 commercial aircraft and its gross
orders should be above its deliveries.

EADS’ 2011 revenues should be above the 2010 revenues.

EADS expects 2011 EBIT* before one-off to remain stable compared to the
2010 level, at around € 1.3 billion. Increasing volume and price improvement
at Airbus Commercial are roughly compensated by the deterioration of hedge
rates, increasing R&D and less favourable mix of activities at Cassidian.

Going forward, the reported EBIT* and EPS performance of EADS will be depen-
dent on the Group’s ability to execute on the A400M, A380 and A350 XWB pro-
grammes, in line with the commitments made to its customers.
Reported EBIT* and EPS also depend on exchange rate fluctuations.

At € 1 = $ 1.35, EADS expects 2011 EPS to be above the 2010 level of € 0.68.

Free Cash Flow is expected to be positive. It is the most volatile item and
EADS will give a more precise guidance later in the year.

In 2012, the Group expects a significant improvement in its EBIT* before one
off thanks to higher volume, better pricing and improvement of
A380 performance at Airbus.

* EADS uses EBIT pre-goodwill impairment 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, the formation of Airbus S.A.S. and the formation of MBDA, and impairment charges

 

In addition to historical information, this web site includes forward-looking statements. The forward-looking statements are generally identified by the use of forward-looking words, such as “anticipate”, “expect” “estimate”, “intend”, “plan”, “predict, “project”, “will”, “believe”, “should”, “may” or other variations of such terms, or by discussion of strategy that involves risks and uncertainties. These statements relate to Airbus Group’s future prospects, developments and business strategies and are based on analyses or forecasts of future results and estimates of amounts not yet determinable. These forward-looking statements represent the view of Airbus Group only as of the dates they are made, and Airbus Group disclaims any obligation to update forward-looking statements, except as may be otherwise required by law. The forward-looking statements in this web site involve known and unknown risks, uncertainties and other factors that could cause Airbus Group's actual future results, performance and achievements to differ materially from those forecasted or suggested herein. These factors include changes in general economic and business conditions and currency exchange rates, as well as those described in the EADS Registration Document 2009 - Section: Risk Factors.