Leonardo archive 2019 with a Net income amounting to 822 million euro, up 61% on the previous year. The turnover, on the other hand, rose by 12,6%, to 13,8 billion euros, mainly thanks to the performance of the Defense Electronics and Aeronautics sectors, while the EBITDA recorded an increase of 12%, to 1,3 billion. The group made it known in a note, underlining that these are "results in line with or above the guidance for the second consecutive year".
The board of directors will propose to the assembly the payment of a dividend equal to 0,14 euro per share, in line with 2018.
Last year i new orders they stood at 14,1 billion, 16,6% more than in 2018 (net of the 2018 NH90 Qatar order, which alone was worth three billion). The order book thus ensures coverage in terms of equivalent production of over 2,5 years.
On the profitability side, the RoS it marks 9,1% (10,1%, if the effect of pass-through activities is excluded).
Il free operating cash flow is positive for 241 million euros, down from 336 million in 2018.
THEnet borrowing of the group increased from 2,351 billion as at 31 December 2018 to 2,847 billion recorded on the same day of 2019, "mainly due to the recognition of financial liabilities deriving from the application of IFRS 16 Leasing", which alone are worth 458 million.
“We have delivered on or exceeded our promises over the past two years and are well positioned for long-term success,” he commented. Alessandro Profumo, CEO of Leonardo – We have a clear vision of our strategic path: to strengthen and transform the business to grow and accelerate the innovation process to increase competitiveness in the long term. We are focused on executing our Value Creation Plan for all of our stakeholders.”
