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CONTINUING SUCCESS
46
EADS ANNUAL REVIEW 2010
In 2010, Astrium once again demonstrated its excellent
record for product quality and programme execution.
The Ariane 5 heavy-lift satellite launcher maintained
its record for reliability, successfully completing its
41stconsecutive take-off. During 2010, six Ariane 5 and ten
satellites were successfully launched. In an outstanding
achievement, the final acceptance launch of France’s
M51ballistic missile took place on schedule during
summer 2010. Astrium Space Transportation delivered the
second of five Automated Transfer Vehicle cargo craft for
the International Space Station to the Kourou space port
in French Guiana, which was launched in early 2011.
Revenues increased slightly to €5.0 billion (€4.8 billion
in 2009), with significant contributions from military and
institutional activities. Compared with 2009, revenue
growth was stronger than appears, as 2009 revenues
were boosted by a €0.2 billion one-time catch up effect
for in-orbit incentives on satellites.
Growth and productivity in defense and military services
as well as operational improvement in institutional activities
enabled higher investments in research and development,
while contributing to lift EBIT* by 8% to €283 million
(€261million in 2009). The EBIT* margin improved to 5.7%
(5.4% in 2009).
Robust order book
Order intake at €6.0 billion was significantly above
expectations. Excluding an exceptional order of
35Ariane5 launchers in 2009, orders received in 2010
rose by more than 40%, increasing the order book to
€15.8 billion (€14.7billion in 2009).
In all, Astrium won orders for three telecommunication
satellites, including the Skynet 5D military communication
satellite, and for five Earth observation satellites, including
two optical reconnaissance satellites for the French
Defence Procurement Agency (DGA). Astrium’s position
as leading exporter in the Earth observation sector was
confirmed by the two satellites ordered by Kazakhstan
and, in addition, a contract signed with Vietnam.
Astrium also received orders from the DGA for evolution
and maintenance of the M51 ballistic missile.
Strategic developments
In order to sustain growth in a challenging environment
with public sector space budgets under pressure and
increasing competition from outside Europe and across
business segments, Astrium has launched a major
transformation programme to enhance agility, innovation
and competitiveness. The AGILE (Ambitious, Globally
growing, Innovative, Lean and Entrepreneurial) initiative
In 2010, Astrium once again demonstrated its ability
to execute reliably on programmes. Order momentum
continued, despite increased competition and government
budget constraints.
Revenues by markets (in % of external revenues)
(€m)
Revenues
Self-financed R&D
EBIT*
Order intake
Order book
2010 2009 Variation
5,003 4,799 +4%
85 74 +15%
283 261 +8%
6,037 8,285 -27%
15,760 14,653 +8%
63% Civil
37% Defence