Leonardo: results at 31 December 2018
The highlights - ATTACHMENT
Leonardo's Board of Directors, convened today under the Chairmanship of Gianni De Gennaro, examined and unanimously approved the draft of Group consolidated and Leonardo SpA financial statements at 31 December 2018.
2018 results above Guidance for New Orders and Revenues
New order intake at € 15.3 billon, up 32%
Record Backlog at € 36.1 billion
Revenues at € 12.4 billion, up 5%
Book to bill above 1
EBITA at € 1.13 billion, up 5.2%
Profitability (RoS) at 9.2%
Net Result at € 510 million, up 83%
FOCF at € 336 million at the top-end of Guidance range, as revised upwards in July
Proposed dividend distribution of € 0.14, in line with 2017
Guidance 2019: growth trends confirmed with further increase in Revenues (€ 12.5-13 bn), EBITA (€ 1,175-1,225 mln) and expected FOCF at ca. € 200 mln, confirming cash conversion rate of more than 50% over the Plan horizon.
Alessandro Profumo, Leonardo CEO commented “2018 has been a key step forward in the execution of the Industrial Plan: all actions needed are in place and we delivered on what we said we will do. We have met targets and exceeded Guidance. We continue to be confident in being able to achieve all Industrial Plan targets: top line growth with strict cost control, driving Group towards double-digit profitability and strong cash generation from 2020. Over the next years we want further accelerate the path we have taken to achieve sustainable growth”.
Below, the integral version of the report attached to this AVIONEWS (16 pages).
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