US cabin interior equipment manufacturer B/E Aerospace (BEA) has raised its earnings outlook for 2006 and is planning a public offering to cut its debt levels. BEA expects to generate revenues of over $800 million this year and for its operating earnings to be 45% ahead of 2004 with operating income of around $123 million. This position will be further developed next year, says the company, when it expects to generate $1 billion in turnover and exceed its 2005 operating earnings performance by 40%. BEA’s “improving financial performance” will be further-aided by a capital increase.
Source: Flight International
