(ANSA) - ROME, JULY 30 - Leonardo closes the accounts of the first half of 2020 by emphasizing the "prompt response to Covid-19" and the "keeping of the results of the first half of 2020 in the face of an unprecedented challenge".
The net result is down sharply to 60 million, - 82.8% compared to the same period a year earlier, but against "solid revenues of 5.9 billion", -1.4%. In evidence, the company also points out the "good commercial performance: new orders of 6.1 billion": Covid effect on the debt of 292 million, -40%, and on the operating cash flow, negative for 1.9 billion, which is mainly affected of the usual seasonality.
"The results of the first half confirm our resilience in the face of extreme market conditions, with a solid commercial performance on the domestic / military / government markets", comments the CEO. Alessandro Profumo Leonardo underlines "full confidence in the medium-long term fundamentals" while communicating to the market a new guide for 2020 that incorporates the impact of the emergency Covid-19 expected for the current year: sees orders for 12.5-13.5 billion, revenues of 13.2-14 billion, an Ebita of 900-950 million euros. (HANDLE).
Leonardo: with Covid they keep revenues down profits, new guidance
2020-07-30T16:52:56.911Z
Leonardo closes the accounts for the first half of 2020 by emphasizing the "prompt response to Covid-19" and the "holding of the results of the first half of 2020 in the face of an unprecedented challenge". (HANDLE)
