Italian multinational aerospace, defence, and safety firm Leonardo has posted revenues of €14.1bn in monetary yr 2021, a rise of 5%, in comparison with the €13.4bn recorded in 2020.

The rise was attributed to the sturdy efficiency of the European part of Defence Electronics and Safety. The Plane unit of the Aeronautics and Helicopters segments additionally contributed to the rise.

The corporate’s earnings earlier than curiosity, taxes, and amortisation (EBITA) in 2021 totalled €1.12bn. The determine represents a 19.7% improve from €938m, in 2020.

Internet revenue elevated by 142% on a year-on-year (YoY) foundation, from €243m to €587m.

The full worth of recent orders within the monetary yr amounted to €14.31bn, up 4% from 2020. The order backlog remained flat at €35.53bn.

Leonardo CEO Alessandro Profumo stated: “We’re again to our development path and above pre-covid ranges, excluding Aerostructures, for which a restructuring and relaunch plan is operating. Our Defence and Governmental companies stay sturdy and account for 88% of 2021 revenues, and we’re seeing indicators of restoration in our civil aeronautics enterprise.

“We’re totally dedicated to ESG. We’ve lowered CO₂ emissions by 23%, and elevated the proportion of girls employed with STEM profiles, and of younger folks below 30. 50% of our monetary sources are ESG linked, with goals totally aligned with our technique and long-term incentive plan.”

The corporate has additionally determined to renew dividends, primarily based on its 2021 efficiency.

In 2022, Leonardo expects order volumes to be at roughly €15bn, considering the influence of the present geopolitical and international well being scenario on the provision chain and the economic system.

Annual revenues are anticipated to be throughout the vary of €14.5bn to €15bn.

Earlier this yr, Leonardo accomplished the acquisition of a 25.1% stake within the German defence know-how firm Hensoldt.

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