Conti Leonardo, the figures for the first half of 2018

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Leonardo closed the first half of the year with a decline in revenues and profitability (as a result of extraordinary costs). Group leaders improved order estimates for the entire year .

LEONARDO, ECONOMIC ACCOUNTS FOR THE FIRST SEMESTER OF 2018

Leonardo closed the first half of 2018 with a turnover of 5.59 billion euros up 1.7% from 5.5 billion euros achieved in the first half of last year; at constant exchange rates, the turnover would have increased by 4%

Operating profit rose from 423 million euros to 240 million euros, due exceptional costs related to early retirement agreement equal to 170 million euros; as a result, margins decreased from 7.7% to 4.3%

For the same reason, net profit rose from 213 million euros to 106 million euros .

LEONARDO, ORDERS AND PORTFOLIO ORDINI

In the first half of 2018, Leonardo signed orders for 4.6 billion euros which amounted to about 4.76 billion euros, excluding the negative currency effect of About 150 million euros.

At the end of June, the order book stood at 32.61 billion, down 3.9% compared to June 2017. The group indicates that the coverage guaranteed by the order book is equal to more than three years of equivalent production.

LEONARDO, DEBT IN THE END OF JUNE 2018

The financial debt, at the end of June 2018, amounted to 3.47 billion euros an improvement compared to the first half of 2017. On the contrary, compared to the beginning year-over-year, debt increased due to dynamic seasonal cash flow and dividend payments (EUR 81 million)

In the first half, operating activities Leonardo absorbed cash for an amount of 809 million euros.

LEONARDO, IMPROVING THE ESTIMATES OF THE ORDERS FOR 2018

The Leonardo Board of Directors decided to revise upward the forecast for 2018 on orders to reflect the acquisition of the order relating to the provision to the Department of the Qatar Defense Multinational NH90 helicopters, the value of which was only partially included in the Group Guidelines, and the limited visibility on the timing of finalization of other commercial campaigns at the l & # 39; 39, export

The company aims to close 2018 with a turnover of between 11.5 and 12 billion euros, a gross operating margin of between 1.08 and 1.13 billion euros. Euros, while net debt is expected to fall to around 2.4 billion euros.

Orders are expected to be between 14 and 14.5 billion euros compared with the previous estimate of 12.5-13 billion euros.

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