Earnings release
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PRESS RELEASE LEONARDO : GROWING NINE MONTHS RESULTS LEONARDO Strong and resilient military - governmental business With results above pre - pandemic levels Now 87 % of Group Revenues ■ Solid Group nine - month financial results Backlog of € 35.2 billion Strong commercial momentum : Order intake of € 9.3 billion , up 9 % YoY ■ Top line growth : Revenues of € 9.6 billion , up 6 % YoY EBITA of € 607 million , up 22 % YoY , and growing profitability FOCF , significantly improved , more linear than in 2020 Strong liquidity position and no refinancing needs in the short term Strong commitment to ESG : signed the first ESG - linked financial instrument ; Leonardo Global Compact Lead for the second year in a row ■ Update on Aerostructures Positive signs in specific market segments ▪ ATR , Airbus and other programmes improving , B787 still challenging Put in place actions to increase industrial efficiency and flexibility Gradual recovery with breakeven point expected by the end of 2025 FY 2021 Guidance confirmed Strong foundations and core fundamentals giving confidence in medium - long term Rome , 4 November 2021- Leonardo's Board of Directors , convened today under the Chairmanship of Luciano Carta , examined and unanimously approved the results of the first nine months 2021 . Alessandro Profumo , Leonardo CEO , stated " We are pleased with our 9 months results that are very solid with performance above pre - pandemic levels in military - governmental ( 87 % of Group Revenues ) , more than offsetting the still challenging civil business . Our backlog guarantees visibility , the top line is growing as well as EBITA and FOCF . We confirm our 2021 Guidance and medium - long term perspectives based on our solid Group fundamentals . We have signed recently the first " ESG linked " Revolving Credit Facility and we have been appointed again as Global Compact Lead confirming our firm commitment to ESG . " 1