Finmeccanica Improves Revenue Results | Aviation International News

Finmeccanica Improves Revenue Results

Company estimates new orders of 190 helicopters and deliveries of 200.

By Mark Huber • Contributor

March 1, 2016

Finmeccanica Helicopters posted improved revenues for the first nine months of 2015 compared to the same year ago period even as its order book slipped. For the first nine months of 2015 the company posted revenues of 3.212 billion, up from 3.036 billion for the same period year over year. However, orders dropped to 2.881 billion from 3.083 billion. Full year 2015 results are not yet available, but will be released with parent Finmeccanica's overall results in the middle of this month.

Managing director Daniele Romiti blamed the decline on a combination of depressed energy prices and economic difficulties in selected economic regions. Romiti estimated new orders at 190 and deliveries at 200. “We’re in good shape for margins with returns in double digits,” Romiti said. “Our industrial setup is delivering efficiencies and cost reductions.”

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