Airplanes-helicopters. Leonardo: results at 30 September 2018
Steps forward executing the Industrial Plan -ATTACHMENT
The Board of Directors of Leonardo, convened today under the chairmanship of Gianni De Gennaro, has examined and unanimously approved the results at 30 September 2018 and the results of third quarter 2018.
First nine months results in line with expectations
New order intake at € 9.4 billion (+20% in constant currency), thanks to NH-90 Qatar contract
Revenues at € 8.2 billion, +4%, in constant currency
EBITA at € 632 million and Profitability (RoS) at 7.7%
Group Net Debt at € 3.5 billion
FOCF amounted to negative € 800 million (€ -972 million in first nine months 2017)
2018 Guidance, as revised upwards in July, confirmed
Steps forward executing the Industrial Plan
Significant commercial achievements: NH-90 Helicopter contract booked and MH-139 Helicopter selected by US Air Force
Group long-term sustainable growth supported by solid order portfolio balanced across all businesses, long-term programs and additional "soft backlog"
Helicopter performance in line with expectations, with 113 deliveries at 30 September 2018, higher vs 99 deliveries at September 2017
Leonardo DRS growth benefitting from US market
Focus on cost control
Early retirement agreement signed, allowing a generational and competence mix change
Leonardo joined the UN Global Compact and confirmed in the Dow Jones Sustainability Indices
New Chairman of the Board of Statutory Auditors
Alessandro Profumo, CEO of Leonardo, commented: “The first nine months 2018 results are in line with our expectations. We’ve delivered important commercial achievements in Qatar, U.S. and China. This positive commercial momentum, plus the performance of our core Group businesses, recovery in Helicopters, Leonardo DRS increase and strict cost control, all make us confident of Leonardo’s long-term sustainable growth in line with all targets of the Industrial Plan”.
Below, the integral version of the report (13 pages).
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