Overview
Italy aerospace firm's FY 2025 revenue up 23% yr/yr, order backlog rose 26%
Adjusted EBITDA and EBIT rose sharply from prior year
Company completed EUR 400 mln rights issue to fund new U.S. rocket motor factory
Outlook
Avio sees 2026 order backlog at EUR 2,000–2,100 mln
Company expects 2026 net revenues of EUR 560–590 mln
Avio forecasts 2026 net income of EUR 8–13 mln
Result Drivers
SPACE LAUNCHES - Growth in revenue was driven by increased Vega C flight operations and higher production of Ariane 6 boosters
DEFENSE CONTRACTS - Order backlog and revenues benefited from new defense-related contracts in Europe and the U.S., including agreements with Raytheon and Lockheed Martin
CAPITAL RAISE - EUR 400 mln rights issue completed to fund new U.S. rocket motor factory and support future growth
Company press release: ID:nBIA1w9HDk
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | EUR 541.70 mln | ||
FY Adjusted EBITDA | EUR 34.80 mln | ||
FY Adjusted EBIT | EUR 14.50 mln | ||
FY EBIT | EUR 12 mln | ||
FY EBITDA | EUR 32.30 mln | ||
FY Order Backlog | EUR 2.17 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Avio SpA is €40.00, about 8% above its March 11 closing price of €37.05
The stock recently traded at 152 times the next 12-month earnings vs. a P/E of 136 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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