Airbus revenue up 5% in 2010

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Airbus saw revenue from its commercial airliners rise by 5% to €27.6 billion ($38.3 billion) in 2010, up from €26.3 billion the year before.

The company says this is partly driven by a favourable volume and mix of deliveries, including higher numbers of A380s.

However, EBIT fell by 25% to €291m, from €386m in 2009, mainly to a one-off cost of €280m.

The company saw a high gross order intake in 2010 of 644 aircraft "driven by continuing appetite for growth in emerging markets".

Net orders stood at 574, including 32 additional A380s and 78 A350 XWBs.

Progress on the A350, described as the company's "top risk programme", has been good, it says, with the beginning of manufacturing of sub-components and sub-assemblies. However, "the time schedule remains challenging" to meet the planned entry into service of the second half of 2013, it notes.

The A380 programme is stabilising, it says, and margins are improving on each aircraft.

Airbus's backlog stands at €378.9 billion, representing 3,552 units.

The figures are contained in the 2010 full year results from its parent company, EADS. Revenues at EADS were up 7% to €45.8bn.