|Revenues||above € 40 bn|
|Airbus deliveries||above 470 aircraft|
|Airbus orders||about 700 aircraft|
|EBIT*||at € 1.8 bn
(detailed conditions see below)
|Free Cash Flow||at € 0.5 bn|
The EADS guidance and outlook are based on an exchange rate of
€ 1 = US$ 1.45.
Based on continued economic growth and comforted by a solid order book, despite the volatility of markets, the Group believes in the continuation of a resilient commercial aircraft market and Airbus deliveries peaking in 2011-2012.
EADS expects Airbus to capture about 700 aircraft orders in 2008.
EADS revenues are expected to exceed € 40 billion in 2008, with about 470 aircraft deliveries for the full year.
EADS expects its 2008 EBIT* at € 1.8 billion, reflecting higher comfort in its improving ability to drive profitability, yet recognising evolving economic and cost challenges. This figure contains allowances for planning contingencies. However, it does not take into account the possible influence of short-term currency movements on revaluations of existing provisions, nor does it take into account an impact from the potential sale of industrial sites.
While they are not without risk, EADS does not presently expect a further material deterioration of its critical development programmes.
Before the impact of customer financing, EADS presently expects 2008 Free Cash Flow at € 0.5 billion (keeping in mind it is the most volatile item to predict).
* 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.