Earnings release
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LEONARDO Ph . +39 0632473313 ( Press Office ) Ph . +39 0632473512 ( Investor Relations ) leonardopressoffice@leonardocompany.com ir@leonardocompany.com in leonardocompany.com Tube Results at 31 December 2020 PRESS RELEASE Leonardo : FY 2020 results confirm robust and resilient business performance , Orders at € 13.8 bn . Successful execution with positive FOCF at € 40 mln . Continued confidence in medium - long term core business fundamentals . Successfully steered and navigated the Group through 2020 , in an extraordinary scenario effectively addressed " ■ ■ ■ Continued strong order intake of € 13.8 billion Resilient revenue performance at € 13.4 billion EBITA at € 938 million , with solid performance in main businesses and cost savings offsetting civil market pressures Net results at € 243 million Delivered record Q4 cash generation to enable FY FOCF to be positive 40 million 2020 Integrated Report : ESG embedded across our business and ecosystems Solid 2021 Guidance ▪ Assuming progressive improvement in the global health situation through the year with consequent normalization of operating and market conditions as restrictions are eased Continued strong commercial momentum , new orders at ca. € 14 bn ■ Continued top line resilience , revenues at € 13.8-14.3 bn " Improving EBITA at € 1,075-1,125 mln FOCF will continue to benefit from military / governmental and continued pressures on civil side Taken action to address the challenges in the civil side Medium - Long Term ■ ■ Military / governmental showing robustness and resilience Solid backlog and order intake confirm confidence we have the right products and service for the future Addressing challenges in a complex scenario New opportunities post Covid - 19 leveraging transversal capabilities Rome , 9 March 2021- Leonardo's Board of Directors , convened today under the Chairmanship of Luciano Carta , examined and unanimously approved the draft of Group consolidated and Leonardo S.p.A. financial statements at 31 December 2020 . Alessandro Profumo , Leonardo CEO , stated “ We have addressed the 2020 challenging environment achieving strong performance with orders at € 13.8 billion , revenues at € 13.4 billion , EBITA at € 938 million and FOCF positive for € 40 million . Our resilient military and governmental business is in good shape enabling us to deliver results despite Covid impact on civil business . Our strong foundations and core fundamentals give us firm confidence in both the short - term and medium - long term . We are catching new opportunities post Covid leveraging existing transversal capabilities and we are fully focused to create value sustainably for all our stakeholders " . Leonardo , a global high - technology company , is among the top ten world players in Aerospace , Defence and Security and Italy's main industrial company . Organized into five business divisions , Leonardo has a significant industrial presence in Italy , the United Kingdom , Poland and the USA , where it also operates through subsidiaries such as Leonardo DRS ( defense electronics ) , and joint ventures and partnerships : ATR , MBDA , Telespazio , Thales Alenia Space and Avio . Leonardo competes in the most important international markets by leveraging its areas of technological and product leadership ( Helicopters , Aircraft , Aerostructures , Electronics , Cyber Security and Space ) . Listed on the Milan Stock Exchange ( LDO ) , in 2019 Leonardo recorded consolidated revenues of € 13.8 billion and invested € 1.5 billion in Research and Development . The Group has been part of the Dow Jones Sustainability Index ( DJSI ) since 2010 and has been named as sustainability global leader in the Aerospace & Defence sector for the second year in a row of DJSI in 2020 . 1