Leonardo has posted 2019 full year results. Revenues amounted to €13,784 million, an increase of 12.6% compared to 2018. EBITA amounted to €1,251 million, showing significant growth compared to 2018 (€1,120 m), thus confirming a sound profitability (ROS of 9.1%, in line with the previous year).
EBIT amounted to €1,153 million, an improvement of 61.3% compared to 2018. Net result before extraordinary transactions amounted to €722 million, compared to the previous year, mainly benefitting from an improvement in the operating profit, net of related tax charge.
Net result amounted to €822 million, included the effects of the release of a large part of the provision set aside against the guarantees given upon the sale of the transport business of Ansaldobreda S.p.A. following the subsequent signature of the transaction with Hitachi. The data for 2018 included the effects of the judgment of acquittal towards Ansaldo Energia and another minor transaction, which had led to the recognition of proceeds of €89 million among the result from Discontinued Operations. Free Operating Cash Flow (FOCF) posted a positive value of €241 million (€336 million in 2018). (€1.00 = US$1.12 at time of publication.)
[DD1]Please check this is not 2019
