02:15 pm - Thursday
Finmeccanica. Aeronautics: AA, Aermacchi, ATR, Alenia NA, SJI
Rome, Italy - Revenues: EUR 1,262 million (+4.5%); Adjusted EBITA: EUR 54 million (-10.0%)
(WAPA) - Aeronautics
Alenia Aeronautica, Alenia Aermacchi, GIE-ATR (figures for the consortium are consolidated proportionally, at 50%), Alenia North America, SuperJet International (figures for the jv are consolidated proportionally, at 51%)
Revenues totalled EUR 1,262 million, up EUR 54 million (+4.5%) versus EUR 1,208 million in 1H09, mainly due to the military segment. Activities in this segment mainly concerned: work on the Eurofighter programme (second tranche), the production of C-27J aircraft for the US, Romania and Morocco, updates to the Tornado and logistics support for the AMXs, upgrades on the G-222 aircraft commissioned by the US Air Force, the production of the M-346 and the upgrade of the MB-339 for the Italian Air Force and reconfigurations for the United Arab Emirates. In the civil segment, production concerned supply contracts for Boeing (B-787, B-767 and B-777), Airbus (A-380, A-321 and A-340), GIE-ATR (ATR-42 and 72) and Dassault Aviation (Falcon 2000 and Falcon 900EX).
Adjusted EBITA was EUR 54 million, down EUR 6 million (-10,0%) versus EUR 60 million in 1H09, chiefly due to the different mix of ongoing programmes in the portfolio. The sector adjusted EBITA margin was 4.3%, compared with 5.0% at 30 June 2009.
New orders totalled EUR 806 million, up EUR 155 million (+23.8%) versus EUR 651 million in 1H09, mainly due to the military segment. The main orders acquired included: in the military segment, orders for the supply of a further eight C-27J aircraft for the US Air Force, the first tranche of the order for infrastructure, equipment and technical assistance for production relating to the F-35 JSF programme, logistics support for the Eurofighter and the C-27J, and the supply to the United Arab Emirates of four reconfigured MB339 aircraft; in the civil segment, orders for aerostructures for the B-767, B-777, ATR and A-321 programmes, and orders of the GIE-ATR consortium for the sale of seven aircraft to carriers in Sweden, Syria, Laos and Mauritius.
The order backlog was EUR 8,716 million, down EUR 134 million (-1.5%) versus EUR 8,850 million at 31 December 2009, but is expected to increase in the medium/long term. Of this total, 49% related to Eurofighter programmes, 21% to the B-787, and 6% to the C-27J.
Headcount was 12,905, a reduction of 241 from 13,146 at 31 December 2009.
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(Avionews)
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Direttore Clara Moschini