Despite the Covid effect, Leonardo archives the first nine months of the year in profit, but net income collapses to 137 million euros, 70,5% less than in the same period of 2019. The defense group communicates it in a note, specifying that the net result includes the effects of the Vitrociset space business, classified in discontinued operations. Furthermore, last year's result, recalls the company, included the positive effects of the transaction with Hitachi regarding Ansaldobreda.
As regards the other budget items, always between January and September the turnover reached 9,025 billion, in line with the first nine months of 2019. On the profitability side, theebita was $497 million, down $189 million year-on-year.
- orders, at 8,510 billion, are substantially stable. In detail, the improvement in helicopters (41%) was offset by the decline in defense and security electronics and aeronautics, which last year had benefited from important acquisitions. Leonardo then underlines that the financial position is solid and that the prospects for the year allow for confirm the indicated targets.
“We trust in our strengths – he commented Alessandro Profumo, CEO of the group – in the solid fundamentals of the business, in a growing market and we are well positioned for sustainable development in the medium-long term, also in support of Italy. Our business mix, strong order book, customer relationships, leading position in key segments with quality products and services, our role in major international programs and our drive for innovation underpin our confidence. aimed at identifying new business opportunities”.
THEnet borrowing of the group rose to 5,88 billion (+36,8%), but includes the acquisition of Kopter Group in April (with an impact on the net financial position of 198 million), the increase in new leasing transactions for 153 million, the payment of the dividend for 81 million and the acquisition of a further Avio stake for 14 million.
