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Airbus profits fall In ‘challenging year’
Airbus posted a 23 percent drop in first quarter core operating profits to EUR€501 million. Group revenues were stable at EUR€12.2 billion “2016 turns out to be the challenging year we anticipated,” chief executive Tom Enders said in reporting the results. Shares in the Franco German-led group fell 6 percent as it highlighted challenges, including a setback on the A400M military transporter. Finance Director, Harald Wilhelm said the financial impact from recent problems with the…
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