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JP Morgan: Finmeccanica recovers on the stock exchange
Milan, Italy - Thanks to Avio's balance sheet and future joint-venture with France
Avio, Italian company in aerospace propulsion controlled for 70% by Carlyle fund and by Finmeccanica by 30%, made known its 2006 first quarter budget, which is clearly positive. Revenues equal to EUR 218.4 (+13.5%), 3.4m profit (compared to 6.8m loss in the first quarter of 2005), orders equal to 4307m (+20%). Alessandro Pansa, financial director of JP Morgan, consultancy company, thinks that the Finmeccanica...
AVIONEWS - World Aeronautical Press Agency - 142511
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency