EADS restores dividend, sees stable profit in 2011

Reuters

MUNICH, Germany (Reuters) - European aerospace group EADS <EAD.PA> forecast higher revenue and stable core operating profit as it boosts development spending this year, after bouncing back to profit with a record cash pile in 2010.

Europe's largest aerospace group posted higher than expected revenue of 45.8 billion euros, up 7 percent, in 2010 and operating profit of 1.231 billion euros, in line with market forecasts and led by a rebound in commercial aviation demand.

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The Franco-German-led group restored a dividend of 22 euro cents after posting a net profit of 553 million euros.

Analysts were expecting EADS operating profit of 1.236 billion euros on revenue of 44.681 billion euros and net profit of 500 million euros, a Reuters poll found.

(Reporting by Tim Hepher; Editing by James Regan)

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