Leonardo ends the first semester with a net profit of 349 million, more than triple compared to 106 million recorded in the same period last year, mainly thanks to the effects of the transaction with Hitachi. THE new orders on the other hand, they amounted to 6,1 billion, up 34% year on year. The Defense and Aerospace Group then confirm the goals for the full year in terms of revenues, orders and ebita.
Between January and June, Leonardo recorded a ebita of 487 million (+3,6%), while the debt rose to 4.098 million (from 2.351 million at the end of December) due, inter alia, to financial liabilities deriving from Ifrs16 and the acquisition of Vitrociset
Just in second quarter, the group made a Net income of 272 million (56 million in the comparative quarter of 2018), a ordinary net income of 175 million (56), a ebita of 324 million (317) e revenues for 3.237 million (3.138). L'earning per share for the quarter it grew to 0,473 euro (0,098).
“The results obtained – comments the managing director, Alessandro Profumo – are once again in line with expectations and we achieved an excellent commercial performance both in the domestic and international markets. We confirm the 2019 guidance and continue to be focused on the execution of the industrial plan aimed at sustainable growth and the creation of value for all our stakeholders".
Profumo also said the group is on track to catch up “double-digit” operating profitability by 2020. In the half-year report, Leonardo indicates an operating profitability of 8,2%, substantially in line with the 2018 comparison period.
The CEO then underlined the “very positive results and in line with expectations; we achieved a strong commercial performance in all our sectors”. The manager then underlined how the growth in new orders did not occur as a result of any particularly large orders, but thanks to "significant numbers from relatively small orders".
