Search This Blog


Sunday, February 15, 2015

BAE faces hit from currency swings

400th Eurofighter TyphoonBAE Systems is tipped to unveil a 10pc fall in annual earnings this week after a big hit from currency swings in its overseas markets.

The FTSE-100 defence giant posts full-year results on Thursday and the City is expecting underlying earnings of about £1.7bn, following a recent surge in the strength of the pound.

BAE is also expected to post a drop in sales for 2014, falling more than £1bn to just under £17bn. The previous year’s earnings were boosted after it finally agreed a price increase on a deal it secured in 2005 to sell 72 Typhoon jet fighters to Saudi Arabia.

Read more

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.