Results: Finmeccanica released a solid set of results, beating its November guidance on revenues, EBITA and net debt with FOCF coming in at the higher end of guidance. In 2015, Finmeccanica’s order intake amounted to €12.4bn, slightly lower than in 2014. Finmeccanica indicated that the financial thresholds for taking on new orders have been raised to ensure profitability in the future. In addition, the weakness in the Oil & Gas market, which represents 5% of Helicopter revenues
17 Mar 2016
Sealing the progress by becoming Leonardo
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Sealing the progress by becoming Leonardo
Results: Finmeccanica released a solid set of results, beating its November guidance on revenues, EBITA and net debt with FOCF coming in at the higher end of guidance. In 2015, Finmeccanica’s order intake amounted to €12.4bn, slightly lower than in 2014. Finmeccanica indicated that the financial thresholds for taking on new orders have been raised to ensure profitability in the future. In addition, the weakness in the Oil & Gas market, which represents 5% of Helicopter revenues