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 March 2021 PRESS RELEASE Leonardo : revenues at € 2,790 million ( + 7.7 % YoY ) , EBITA at € 95 million ( + 132 % YoY ) . FOCF € -1,422 million improved for € 173 million YoY . Group Net Debt at € 4,640 million ( + 5.6 % ) . These in summary are 1Q 2021 key performance indicators . FY2021 Guidance confirmed . Continued confidence in medium - long term core business fundamentals . Results in line with our plan ■ Continued strength of military / governmental ■ Strong backlog of € 36.4 billion ■ " ■ Order intake of € 3.4 billion , less relying on large scale orders Book to bill at 1.2x EBITA of € 95 million , up 132 % , with robust and higher profitability across the Group , besides aerostructures Cash flow , negative for € 1.4 billion , improving in line with plan and reflecting usual seasonality Leonardo and HENSOLDT Strong industrial and strategic rationale ■ Closer co - operation and complementary strengths - Value creation through enhanced market access and key platform exposure Maintaining a solid capital structure also through disposals and DRS listing FY 2021 Guidance confirmed Confidence in medium / long term outlook ■ ■ Solid military / governmental Planned recovery actions in the civil side of the business Solid backlog and order intake Leveraging existing assets , technologies and transversal capabilities to catch new opportunities Rome , 6 May 2021- Leonardo's Board of Directors , convened today under the Chairmanship of Luciano Carta , examined and unanimously approved results of the first quarter 2021 . The results for the first quarter of 2021 were in line with the expectation of a recovery in growth and an increase in profitability reported in the Integrated Report at 31 December 2020 , showing a marked improvement in the Group's industrial performance ; in the first quarter of 2020 this indicator was in fact particularly affected by the outbreak of the COVID - 19 pandemic , which then gradually stabilised over the following months , also as a result of the measures put in place in order to ensure that the business could continue in full operation . This trend shows the resilience of the military / governmental business , in a scenario that is still affected by the pandemic . Otherwise , the critical issues that have been reported in the civil aviation sector in recent months have been confirmed , in particular , Aerostructures experienced the 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 that include 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 company 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