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 30 June 2021 PRESS RELEASE Leonardo : New Orders at € 6.7 bn ( + 9.5 % YoY ) , Revenues at € 6.3 bn ( + 7.9 % YoY ) , strong industrial performance ( EBITA at € 400 mln , + 37 % YoY ) , and FOCF significantly improved ( + 26.9 % YoY ) , these in summary are 1H 2021 key performance indicators . FY 2021 Guidance confirmed . Strong fundamentals supporting medium - long term growth . Military / Governmental business remains strong and robust ; some signs of recovery in civil aeronautics but cautious about timing Solid first half results , back on growth path ■ ■ Defence Electronics , Helicopters and Aircraft all performing strongly Backlog of € 35.9 billion , book to bill > 1 Order intake of € 6.7 billion , up 9.5 % YoY Revenues of € 6.3 billion , up 7.9 % YoY EBITA of € 400 million , up 37 % YoY FOCF , significantly improved ( + 26.9 % YoY ) at € -1.4 billion , reflecting usual seasonality Strong financial position ■ No refinancing needs until 2022 FY 2021 Guidance confirmed Strong fundamentals give us confidence in the short , medium and long term outlook Competencies , advanced technologies and innovation capabilities as a base for new growth opportunities post COVID The BoD has approved the start of the merger by incorporation of Vitrociset Rome , 29 July 2021- Leonardo's Board of Directors , convened today under the Chairmanship of Luciano Carta , examined and unanimously approved the results of the first half 2021 . Alessandro Profumo , Leonardo CEO , stated " First half 2021 results are solid , and we are back on a sustainable growth path . Our commercial activity has been intensive and we are continuing to achieve strong order intake , despite the pandemic ; our strong backlog has supported good top line growth ( revenues and new orders ) , our industrial performance and FOCF materially improved . Our Military / Governmental business remains very strong and robust . We are seeing some more positive signs in civil aeronautics , although remaining cautious about the timing of its recovery . " " We are on track to achieve our full year 2021 Guidance - concludes Alessandro Profumo - . Our strong fundamentals give us confidence in our ability to create value sustainably for all our stakeholders in the medium - long term . We intend to leverage competencies , advanced technologies and innovation capabilities as a base for new growth opportunities post COVID . " Leonardo , a global high - technology company , is among the top 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 2020 Leonardo recorded consolidated revenues of € 13.4 billion and invested € 1.6 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