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  • Thursday, April 25, 2024

BAE Reveals 2009 Fiscal Results

BAE’s 2009 fiscal results are in.  According to the firm, headline sales are up 21% to £22.4B, with underlying EBITA up 17% to £2, 220B.  Underlying earnings per share are up 9.7% to 40.7%.

“BAE Systems has again delivered a strong set of financial results. Our well-defined and proven global strategy is serving the business and our shareholders well, ” said Ian King, CEO.  “These results show growth underpinned by a strong balance sheet and a record order book.  BAE Systems is a broadly-based and resilient business with a large order book, agile in developing the business and adapting its capabilities in anticipation of changing requirements.”

Also, the dividend is up 10% to 16% with a record order book of £46.9B and a strong balance sheet, net cash of £403M.  Cashflow from operating activities was at £2, 232M with a £500M market purchase of shares to commence.

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