Airbus profits up on Dassault sale
Published 30/04/2015 | 10:11
European plane maker Airbus has seen its profits jump in the first quarter thanks to the sale of a stake in rival Dassault Aviation, although its plane orders and deliveries fell slightly.
Airbus reported net profit of 792 million euros (£568 million) in the first quarter, compared with 439 million euro (£319 million) a year earlier.
In the first three months of the year Airbus logged 101 net new orders for jetliners, compared with 103 a year ago, and 110 for chief rival Boeing in the first quarter of 2015.
Airbus revenues in the quarter were 12.1 billion euro (£8.6 billion), down from 12.6 billion euro (£9 billion) in the first quarter of 2014. The company said the weaker euro helped offset lower delivery volume.
Airbus is forecasting slightly higher orders and deliveries this year.