Stork still has aerospace troubles

Engineering group Stork booked a €1m increase in net profit in the first three months of this year, taking earnings to €19m. Sales were up 4% at €497m.

All divisions contributed to the profit growth, apart from Stork’s aerospace unit which has been hit by delays to Airbus’s A380 project and the NH90 helicopter.
The group’s aerospace activities are likely to make a loss this year and will not improve until 2008 and 2009, the company said.

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