Leonardo: results at 30 September 2019
2019 Guidance confirmed - ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Gianni De Gennaro, examined and unanimously approved the results at 30 September 2019.
The highlights are:
Solid 9M 2019 performance
New Orders at € 8.6 billion, a strong growth excluding the € 3 bn effect of the NH-90 helicopter Qatar contract booked in 3Q 2018
Revenues at € 9.1 billion, up 11%
EBITA at € 686 million, up 9% with RoS at 7.5%
Net Result at € 465 million, up 77%
FOCF negative for € 1.2 billion, in line with usual seasonal trends
Successfully driving commercial momentum and top line growth
All main businesses delivering in line with the Industrial Plan
Helicopters successfully achieving targets
Defence Electronics & Security going from to strength to strength, with Leonardo DRS growing very strongly in the attractive US market
Aircraft in robust shape, Aerostructures reducing losses, on track with Plan
2019 Guidance confirmed
Building long-term sustainable future.
Alessandro Profumo, Leonardo CEO stated “The first nine months of 2019 are another important step forward on our journey: we are delivering consistently across our main businesses. We are reconfirming 2019 Guidance. We are fully focused on executing our Industrial Plan aimed at value creation for all our stakeholders. We have been achieving this through successfully driving commercial momentum and top line growth, improving profitability, investing and building for a sustainable future, all with a disciplined financial strategy”.
The integral version of the report (13 pages, with tables) is attached to this AVIONEWS.
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