02:21 pm - Thursday
Finmeccanica's Board. Space: Telespazio, Thales Alenia Space
Rome, Italy - Revenues: EUR 412 million (-5.3%); Adjusted EBITA: EUR 5 million (-61.5%)
(WAPA) - Space
Telespazio, Thales Alenia Space (All figures relate to the two joint ventures – Thales Alenia Space and Telespazio – which are consolidated proportionally at 33% and 67% respectively).
Revenues were EUR 412 million, down EUR 23 million (-5.3%) versus EUR 435 million in 1H09.
Production related principally to the following: satellites (Yahsat, Globalstar, W3B and W3C for Eutelsat, Rascom 1R), payloads, the provision of satellite services for telecommunications and resale of satellite capacity (commercial telecommunications); the Satcom BW and CSO (post Helios) programmes and the provision of satellite services based on Sicral 1B capacity (military telecommunications); the COSMOSkyMed programme, the satellites of the Sentinel 1 and 3 missions for the Kopernikus programme and territorial monitoring services (Earth observation); the Bepi-Colombo and Exomars programmes (scientific programmes); the IOV (in-orbit validation) phase of the Galileo programme (satellite navigation); and programmes connected with the International Space Station (orbital infrastructure).
Adjusted EBITA was EUR 5 million, down EUR 8 million (-61.5%) versus EUR 13 million in the first half of 2009, mainly reflecting reduced output. The adjusted EBITA margin was 1.2%, compared with 3.0% at 30 June 2009.
New orders were EUR 497 million, down EUR 68 million (-12.0%) versus EUR 565 million in 1H09, due to fewer orders in the manufacturing segment. The most important orders acquired in the period were the following: contracts to supply W6A satellites for Eutelsat and APSTAR 7B satellites for APT Satellite Company Ltd, the contract to supply the Poseidon3B altimeter, further tranches of the order relating to the O3B satellite constellation and the provision of satellite telecommunications services to TIM Brasil (commercial telecommunications); new orders for military satellite telecommunications services based on Sicral 1B capacity (military institutional telecommunications); the contract to supply the French Space Agency (CNES) with the Jason 3 Earth observation satellite, the contract to supply ESA with the second satellite of the Sentinel 3 mission as part of the Kopernikus programme (Earth observation); the systems support contract for the FOC (full operation capability) phase of the Galileo programme (satellite navigation); a further tranche of the order from Orbital Science Corporation to supply NASA with nine pressurised modules for the International Space Station (orbital infrastructure); and a further tranche of the contract relating to the Bepi-Colombo programme and the order from ESA for the development of an atmospheric re-entry demonstrator (IXV-Intermediate eXperimental Vehicle) (scientific programmes).
Notably, the Group also acquired in May 2010 the contract for the design and construction of the IRIDIUM NEXT constellation consisting of 81 satellites for mobile telecommunications services.
The order backlog was EUR 1,713 million, up EUR 102 million (+6.3%) versus EUR 1,611 million at 31 December 2009. Of this total, 56.8% consists of manufacturing activity, while the remaining 43.2% relates to satellite services.
Headcount was 3,652, a reduction of ten from 3,662 at 31 December 2009.
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Direttore Clara Moschini