Finmeccanica: the board of directors approves the 2011 results

2011 Results

 

  • New orders: EUR 17.434 billion
  • Order backlog: EUR 46.005 billion
  • Revenues: EUR 17.318 billion
  • Adjusted EBITA: EUR -216 million
  • Net loss of EUR 2.306 billion, due to “exceptional events” and “non recurring charges” charges of EUR 3.18 billion
  • Free operating cash flow: EUR -358 million
  • Net debt: EUR 3.443 billion
  • Headcount: 70,474
  • Investment in research and development: EUR 2.02 billion

2012 forecasts

  • New orders: approximately EUR 17.5 billion
  • Revenues: EUR 16.9-17.3 billion
  • Adjusted EBITA: approximately EUR 1.1 billion
  • Free operating cash flow: positive

Chairman and CEO of Finmeccanica, Giuseppe Orsi, said:

“2011 was an extraordinarily difficult year during which we carried out a comprehensive but necessary review of the Group's industrial strategy and business and technological approach. Inevitably the balance sheet we are presenting today reflects this and represents the first important step to setting Finmeccanica on a new trajectory. 2012 will be characterised by an improvement in our key balance sheet indicators and will be a year of calibrated transition towards a new Finmeccanica.”

Rome 27/03/2012