(Teleborsa) – Airplane – a company listed on the STAR segment and active in the construction and development of space launchers and solid and liquid propulsion systems for space transport – has registered revenues equal to 127.7 million euros in the first half of 2021, down by 24% compared to the first half of 2020.EBITDA Adjusted settled at € 10.5 million (-47%), while the result for the period was -2.4 million euros (-10.9 million compared to the first half of 2020).
The data of the order book, which continues its growth reaching 835 million euros (+ 13%, compared to December 2020), thanks to the acquisition of new orders for approximately 230 million euros referring mainly to the Vega E contract for development activities up to 2024 and to a further three tranches of the Aster Booster production contract to cover approximately ten years of production.
“The first half of 2021 confirmed, once again, the strength of our company which, despite the difficulties related to Covid-19, has remained resilient and focused on long-term goals, as confirmed by the significant growth of the backlog ”, declared Giulio Ranzo, CEO of Avio”. “In recent months we have given continuity to operational activities, launching Ariane 5 in July and, a few days ago, Vega – he added – In Guyana we are already working on the new VV20 flight, scheduled for November, and immediately afterwards we will start the campaign for the flight. inaugural of Vega C, the new and more performing European space launcher produced in Colleferro ”.
The Net Cash Position at 30 June 2021 it is equal to +36.6 million euros (62.6 million euros at 31 December 2020 and 26.6 million euros at 30 June 2020). The company emphasizes “a better result than the typical seasonal trend thanks to the trend in working capital, despite the return to the payment of dividends and a sustained level of investments“(€ 14.8 million in the half year, + 20% compared to the first half of 2020).
The board of directors approved the guidance for the 2021 annual results. The company expects an order book between 850 and 900 million euros, revenues between 300 and 330 million euros, EBITDA Reported between 30 and 32 million euros and a net profit between 10-12 million euros.