Leonardo closed the first quarter of the year with a Net income up 54%, to 77 million euros. THE revenues, on the other hand, stood at 2,7 billion (+11,2%), while theEbitda it reached 163 million (+6,5%). L'EBIT amounted to 156 million euros, an improvement of 35 million (+29%) compared to the first quarter of 2018.
The results are highly appreciated by the market and the title it is at the top of the Ftse Mib (-0,9%) with an increase of 6,29%.
Returning to the quarterly, i new orders reached 2,5 billion (+16,4%), with a wallet which rises to 36,6 billion, ensuring coverage of around 3 years. The Free Operating Cash Flow (Focf) was negative by €1.114 million, substantially in line with the first quarter of 2018.
THEGroup net debt amounted to 4,016 billion euros, an increase compared to 31 December 2018 (2,351 billion) and 31 March 2018 (3,595 billion) due to "the usual cash flow trend in the first part of the year, as well as in the adoption of the international accounting standard IFRS 16 Leasing”, reads the note from the group.
“The results for the first quarter of 2019 are solid and growing, in line with expectations – he commented Alessandro Profumo, Chief Executive Officer of Leonardo – We confirm the 2019 Guidance and remain focused on the execution of the Industrial Plan aimed at the sustainable growth of the Group".
(Last update: 11.00 pm on 9 May).
