Leonardo archive the first semester with orders to 6,7 billion, up 9,5% on an annual basis. Well i too revenues, to 6,3 billion, 7,9% more than in the period January-June 2020. Two sectors in particular were the driving force: helicopters and electronics for defense and security.
Il Net income reaches 177 million, more than double compared to the 59 million achieved in the first six months of last year (+118%)
On the profitability side, theebita stands at 400 million, an improvement of 37% year-on-year, and theEBIT to 347 million, up 53%.
Il Free Operating Cash Flow (Focf) is negative by 1,380 billion, a significant improvement compared to the figure as at 30 June 2020 (-1,889 billion).
salt thenet borrowing group, going from 3,318 billion in 2020 to 4,613 billion.
“The results of the first half are positive – he underlines Alessandro Profumo, CEO of Leonardo – and the group is resuming its path of sustainable growth. Commercial activity continued very intensely with excellent results in terms of orders, despite the pandemic; the solid order backlog supported the growth of the Top-Line (revenues and orders). Industrial performance and FOCF are clearly improving. The military/government business is solid and robust. The civil aeronautics show some positive signs but we remain cautious on the recovery times”.
Confirmed guidance 2021: orders for around 14 billion, revenues between 13,8 and 14,3 billion, Ebitda between 1,075 and 1,125 billion and debt at around 3,2 billion.
“Leonardo's solid fundamentals allow us to look with confidence at our ability to create value for all our stakeholders in a sustainable way in the medium-long term - continues Profumo - We also want to leverage the skills, advanced technologies and innovation capacity at the basis of new post-Covid growth opportunities”.
