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CLARA MOSCHINI

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Avio: 2021 results in line with its guidance

Backlog improved, stable cash position -ATTACHMENT

The Board of Directors of Avio SpA yesterday reviewed and approved the company and group financial statements of Avio SpA as of December 31, 2021. 

Highlights

  • Successful return to flight for Vega: 3 missions in 6 months
  • Net order backlog increasing for both production and development activities
  • Maiden Flights for Vega C and Ariane 6 in 2022 first half and second half respectively
  • Sharp increase in energy costs affecting profitability

Results

  • Backlog: 877 M€ (+19% on December 31, 2020)
  • Net Revenues: 312 M€ (-3% on 2020)
  • Adjusted EBITDA: 38 M€ (-13% on 2020)
  • Reported EBITDA: 30 M€ (-15% on 2020)
  • Net Income: 9 M€ (-39% on 2020)
  • Net Cash Position: 57 M€ (-9% on December 31, 2020)

Guidance 2022

  • Net order backlog: 870-920 M€
  • Revenues: 330-350 M€
  • EBITDA Reported: 24-30 M€
  • Net income: 5-10 M€.

The integral version of the report (11 pages) is attached to this AVIONEWS

Attachments
red/f - 1242980

AVIONEWS - World Aeronautical Press Agency
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