03/03/2013 11:54:00

EADS CEO: Chances to Exceed Official Profitability Target-Report

The chief executive officer of European Aeronautic Defence & Space Co. (EAD.FR) sees chances for a higher than officially targeted return on sales, according to a preview in Focus magazine on Sunday.

In the financial year 2012, EADS posted earnings before interest and taxes ratio of 5.3% of revenues, recorded before one-off items, according to EADS' 2012 annual results. Officially, EADS is seeking to boost this 5.3% to 10% by 2015, the magazine said.

"That's not necessarily the peak," CEO Thomas Enders said, seeing "very good potential" especially in the commercial aircraft business, the magazine reported.

EADS units are still far from the 10% return target that requires fierce cost control, the magazine said, adding that serious problems may not appear especially during the development and production of new jets if the company want to earn more in the future.

Magazine website: www.focus.de

Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

(END) Dow Jones Newswires

March 03, 2013 06:54 ET (11:54 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

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