EADS returns to profit in 2010
European aerospace giant EADS, the parent of Airbus, reported a net profit of EUR553 million, reversing the EUR763 million net loss in 2009. Revenue rose 6.8%, to EUR45.7 billion, while the company's order book rose 15% to EUR448.5 billion. The manufacturer expects 2011 EBIT before one-off to remain stable compared to the 2010 level, at around EUR1.3 billion. Shares in EADS were 1.1% higher on Wednesday, on an mixed day of trading for aerospace companies.
