Aerospace and defense group EADS has reported a rise in profits and sales in 2012, boosted by a strong performance from its aircraft maker Airbus, BBC News reported.
Net profit for 2012 at EADS rose 19% to 1.23bn euros ($1.61bn). Revenues rose 15% to 56.48bn euros. Revenues at Airbus rose 17% to 38.59bn euros, mostly due to commercial sales.
However, EADS's profit in the fourth quarter fell sharply after taking one-off charges at its helicopter and defense electronics divisions.
Net profit in the three months to December fell 47% from a year ago to 325m euros.
This was after a 198m-euro hit at its defence electronics contractor Cassidian due to restructuring costs, and a 100m-euro charge at Eurocopter after renegotiating contracts with government customers.
Looking ahead, EADS said its focus was on growing profits, adding there was "still some way to go to meet our profitability targets".
For 2013, it is targeting an operating profit of 3.5bn euros and expects to see "moderate growth" in revenues, though results will be affected by problems with its A350 XWB model.
