EADS lifts full-year outlook, but results hurt by hedging – Suppliers Share Wrap
A 51% fall in first half net profit has not dampened investor enthusiasm for EADS, which recorded a stock rise of 3.4% at the close of trading on Friday. The European defence and aerospace conglomerate reported a net result of EUR185 million, and an EBIT of EUR406 million, after EUR200 million of exceptional foreign exchange outcomes.
