November 09, 2012
Credit: Credit: Arianespace
PARIS — EADS Astrium reported sharply higher revenue in the first nine months of the year, due largely to the December 2011 acquisition of mobile satellite services provider Vizada. The company’s revenues for the period rose 14% to €3.9 billion ($4.9 billion), up from €3.4 billion in the first nine months of 2011.
Earnings before interest and taxes remained stable at 4.9% of revenue, increasing by 16% to €191 million in the first nine months of 2012, despite higher R&D expenses compared to last year. Astrium attributes the boost to productivity gains resulting from the company’s performance-improvement initiative, dubbed “Agile,” and the inclusion of Vizada.
Order intake reached €2.9 billion over the first nine months of the year, up from €2.3 billion in the same period the previous year, an increase of 23% attributed to solid services activity.
Profitability for the quarter rose from 4.6% of revenue last year to 4.8% for the third quarter 2012, a period that saw the launch of three Ariane 5 missions and three Astrium-built satellites.