The Board of Directors of Avio SpA yesterday reviewed and approved the consolidated results of the Company as of December 31st, 2024.

Highlights

Backlog and revenues above Guidance

Success for Vega last flight, Vega C back to orbit with Sentinel-1C

ESA decisions: authorization for Avio to conduct Vega C commercial operations, new contracts for Vega E development and to increase Vega C cadence up to six launches per year

Ariane 6 maiden flight and 1st commercial flight successfully completed

Substantial growth of defense business: contracts in USA with Raytheon and US Army and in Europe with MBDA Italia

Proposal to Shareholders' meeting of a dividend distribution in 2025 for EUR 3.75 million (Euro 0.14841 per share)

Economic and financial results

Order backlog: EUR 1.724 million (+26.9% vs December 2023)

Net Revenues: EUR 441.6 millions (+30.3% vs December 2023)

EBITDA Reported: EUR 25.8 million (+25.9% vs December 2023)

EBITDA Adjusted: EUR 31.3 million (+11.6% vs December 2023)

EBIT Reported: EUR 8.4 million (+60.4% vs December 2023)

EBIT Adjusted: EUR 13.8 million (+8.6% vs December 2023)

Net Income: EUR 6.4 million (-3.6% vs December 2023)

Net Cash Position: EUR 90.1 million (+14.0 million vs December 2023)

Guidance 2025

Order backlog: EUR 1.700–1.800 million

Net Revenues: EUR 450–480 million

EBITDA Reported: EUR 27–33 million

Net Income: EUR 7–10 million.