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Finmeccanica’s board of directors has approved the results for 2003
Rome, Italy - Net profit excluding STM advanced 27% to EUR 158m, value of production rose by 11% to EUR 8.6bn and new orders were up 5% at EUR 9.1bn
"2003 results were very encouraging and matched Finmeccanica’s forecasts, with net profit for the year excluding STM up 27% to EUR 158m versus EUR 124m in 2002. This was a highly satisfactory result given the difficult conditions in the aerospace & defence sector. Good performances in defence electronics, defence systems and the transport business were able to carry the company forward, despite t...
fra/pec - 60915
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency