Leonardo's Board of Directors, convened under the Chairmanship of Gianni De Gennaro, examined and unanimously approved the results of the first quarter 2017.
The Board of Directors expressed a heartfelt thanks to Leonardo's management and employees, acknowledging in the results achieved their crucial contribution and their active commitment to decisions and actions taken.
Highlights of 1Q2017 results are as follows:
In consideration of the results achieved in the first quarter of 2017 and of the expectations for the following ones, we confirm the guidance for the entire year that were made at the time of the preparation of the financial statements at 31 December 2016.
|1Q 2017||1Q 2016||Chg.||Chg. %||FY 2016|
|EBITDA Margin||13,3%||12,9%||0,4 p.p.||15,9%|
|EBIT Margin||6,3%||5,3%||1,0 p.p.||8,2%|
|Net result before extraordinary transactions||78||56||22||39,3%||545|
|Group Net Debt||3,254||4,212||(958)||(22,7%)||2,845|
(*)EBITA is obtained by eliminating from EBIT the following items: any impairment in goodwill; amortisation and impairment, if any, of the portion of the purchase price allocated to intangible assets as part of business combinations, restructuring costs that are a part of defined and significant plans; other exceptional costs or income, i.e. connected to particularly significant events that are not related to the ordinary performance of the business.
(**) EBIT is obtained by adding to earnings before financial income and expense and taxes the Group’s share of profit in the results of its strategic Joint Ventures (ATR, MBDA, Thales Alenia Space and Telespazio).
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