EADS forecasts 2005 earnings of more than 2.4 million euros
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The European Aeronautic Defence and Space Company said it expects full-year earnings in 2005 to be higher than 2.4 billion euros (3.2 billion dollars) on sales of 33 billion.
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Shares of Airbus parent EADS rose after a report that the company's board will approve the launch of a new mid-sized jet to rival Boeing Co.'s 787 Dreamliner at a meeting Friday in Amsterdam.
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MUNICH, Germany  - Losses at planemaker Airbus slashed operating profits at Franco-German parent EADS  by 86 percent to 399 million euros ($526 million) in 2006, but the fall was cushioned by profits in defense, the group said on Friday.
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BERLIN, May 22 (IPS) - On Mar. 15, 2006, Noel Forgeard, at the time chief  executive officer of the European aerospace corporation EADS,  sold, apparently without any reason, some 170,000 shares he owned  of the company, making an instantaneous profit of almost five  million U.S. dollars.
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DaimlerChrysler (DAIGn.DE) generated  second-quarter earnings before interest and tax of 2.13 billion  euros ($2.90 billion), the German carmaker said on Wednesday,  in line with market expectations.
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Air France's 800m euro merger with KLM seems to be paying off as it reports upbeat second-quarter profits and forecasts full-year growth.
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Allianz, the European insurer, said fourth-quarter profit rose 57 percent, helped by a tax gain and fewer claims from natural disasters. Income rose to 1.37 billion euros ($1.8 billion), or 3.15 euros a share, from 872 million euros, or 2.13 euros, in the period a year earlier. Lower costs helped increase profit as revenue declined 1.5 percent, to 24.8 billion euros.
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British defence company BAE Systems said on Thursday that net profits almost tripled in 2006 after the sale of its 20-percent holding in troubled European aircraft maker Airbus to parent aerospace group EADS.
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The European aerospace giant EADS today announced that it had more than doubled its profits in the first nine months of the year. EADS said the increase was helped by a surge in deliveries of its Airbus passenger jets.
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The French Defense procurement agency (DGA) gave the European Aeronautic Defense and Space Company (EADS) an order of 3 billion euros (about 4.02 billion dollars) for M51 ballistic missiles, French Defense ...
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Beating analysts&#39; expectations and citing strong performance worldwide, SAP released preliminary fourth-quarter financial results on Monday, showing revenue will be about &#8364;3.25 billion ($4.8 billion), a rise of 10 percent compared to the same period last year.Fourth-quarter software and software-related services revenue will be about &#8364;2.48 billion, an increase of about 13 percent year-over-year, according to SAP.Total revenue for 2007 is expected to grow roughly 9 percent to &#8364;10.26 billion. Full-year 2007 software and software-related service revenue is expected to be about &#8364;7.44 billion, a jump of around 13 percent over 2006.Analysts polled by Thomson First Call had predicted on average that total fourth-quarter revenue would come in at $4.7 billion.Exchange rates took a toll on SAP&#39;s results, for as the dollar weakens against the euro, SAP&#39;s U.S. sales are worth less. At constant currency rates, fourth-quarter software and software-related services revenue growth will be about 17 percent year-over-year and total revenue growth will be 13 percent compared to 2006, SAP said.SAP&#39;s results were driven by performance across all regions, but the company showed particular strength in the Asia-Pacific-Japan market, it said. Fourth-quarter software and software-related service revenue rose about 27 percent there to &#8364;.30 billion and is expected to stand at about &#8364;.96 billion for the year, a rise of about 19 percent.SAP estimated fourth-quarter software and software-related service revenue in the EMEA region will be about &#8364;1.40 billion, a jump of roughly 13 percent and &#8364;3.98 billion for the year, which is also about a 13 percent rise.Growth was slower in the Americas, where software and software-related service revenue rose 7 percent in the fourth quarter to &#8364;.78 billion and is expected to be roughly &#8364;2.5 billion for the year overall, a year-to-year increase of 9 percent, according to SAP.However, SAP expects its operating margin to fall slightly for 2007, to 26.5 percent, compared to 27.3 percent in 2006. It attributed the decline to investments made in its Business ByDesign ERP suite targeted at the mid-market.SAP plans to provide more details on its 2007 earnings on Jan. 30.
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No-frills airline easyJet has said it expected pre-tax profit to rocket by 40-50 percent in the current financial year, as the group unveiled soaring first-quarter revenues.
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Anheuser-Busch Cos. on Tuesday reaffirmed its outlook for earnings per share growth for both 2004 and 2005. In a presentation to investors and analysts, management said the company expects earnings per share
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The European aerospace giant EADS hopes to achieve a double-digit operating margin by around 2015, a company spokesman said Thursday.
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FRANKFURT/PARIS  - EADS on Thursday posted steeper than expected third-quarter losses, axed forecasts that it would make a 2007 operating profit and promised to reinforce restructuring plans after fresh problems at planemaker Airbus.
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Allianz AG, Europe s largest insurer, will sell exchangeable and subordinated bonds worth about 4 billion euros ($5.2 billion) to boost capital, cut debt and reduce the company s investments in German equities.
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Third-quarter profit, helped by sales of jet fighters and electronic warfare systems, beat Wall Street expectations, but the companyâs forecast for next year was slightly below analystsâ estimates.