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Finmeccanica cuts losses in 2014

Net financial debt is 4,84 billion, down from 5,2 billion in June 2013, but higher than the 3,9 billion at the end of 2013.

Finmeccanica cuts losses in 2014

Finmeccanica closes the first half with a net loss down to 39 million from -62 million in the same period of 2013. Revenues are down slightly by 1,1% to 6,55 billion, while the EBIT drops to 220 million from 241 million in 2013. Rosé also drops to 5,4% from 6,4%. Things are definitely better for orders increased by 42,5% to 7,18 billion, with an order backlog that stands at 37,6 billion.

Net financial debt is 4,84 billion, down from 5,2 billion in June 2013, but higher than the 3,9 billion at the end of 2013. “The results obtained by the group in the first half of 2014 lead us to confirm the forecasts for the entire year formulated when preparing the 2013 financial statements”.

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