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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Airbus Group    AIR   NL0000235190

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EADS : Swiss Attorney General Confirms House Searches in EADS Probe

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11/13/2012 | 12:37pm CEST

By Neil MacLucas

ZURICH--The Swiss Attorney General's office Tuesday confirmed it has searched properties in Switzerland at the request of its Austrian colleagues, who are investigating alleged corruption involving the sale of European Aeronautic Defence & Space Co.'s (EAD.FR) Eurofighter jets.

The Bern-based office told Dow Jones Newswires that it "instructed federal police to conduct several house searches in Switzerland at the request of Austrian prosecutors," but spokeswoman Jeannette Balmer declined to comment further.

Last week, Austrian financial daily Wirtschaftsblatt reported on its website that the case concerns possible bribes tied to Austria's purchase of Eurofighter jets from EADS.

The article said prosecutors in Vienna alerted investigators in Switzerland and Germany to the allegations, and searches in both countries have now been confirmed.

EADS also confirmed the probe and told Dow Jones Newswires last week that prosecutors have searched three sites in Munich.

Swiss daily Tagesanzeiger Tuesday reported that Swiss authorities searched the home of a German citizen who is suspected of registering several front companies in Switzerland, which were then used to launder around 10 million euros ($12.7 million) of bribes paid by EADS.

Write to Neil MacLucas at neil.maclucas@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials (€)
Sales 2016 65 758 M
EBIT 2016 3 660 M
Net income 2016 2 264 M
Finance 2016 6 108 M
Yield 2016 2,59%
P/E ratio 2016 17,02
P/E ratio 2017 12,80
EV / Sales 2016 0,51x
EV / Sales 2017 0,47x
Capitalization 39 716 M
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Number of Analysts 27
Average target price 65,9 €
Spread / Average Target 28%
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NameTitle
Thomas Enders Chief Executive Officer & Executive Director
Denis Ranque Chairman
Thomas Williams Chief Operating Officer
Harald Wilhelm Chief Financial Officer
Paul Eremenko Chief Technology Officer
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