The dividend for Leonardo, the former Finmeccanica, is back after last year’s fast. With the approval of the 2021 draft financial statements, today being examined by the board of directors, the board proposes to the shareholders’ meeting the distribution of a dividend. The coupon, according to what Il Sole 24 Ore learns from authoritative sources, should be 0.14 euros gross per share, as was the case with the financial statements for the years from 2016 to 2019, before the suspension due to the worsening of the results for Covid. .
Total dividends of 80.4 million
If the board’s proposal is approved by the shareholders’ meeting, the total dividend will be 80.4 million euros, of which around 24 million for the Ministry of Economy, which owns 30.2% of the defense company and aerospace. The assembly is convened for May 23 in the first and May 31 in the second meeting. The shares in today’s session closed + 1.49% at € 8.188.
Net profit exceeding 500 million
According to the advances obtained by Il Sole 24 Ore, the consolidated financial statements for 2021 closed with revenues of more than 14 billion and a net profit of more than 500 million. The operating cash flow (Focf) is over 200 million, the net financial debt is around 3 billion. The board has said that the figures are better than forecasts. The results are better than in 2020, but lower than in the 2019 budget, before the pandemic, which closed with a net profit of 821 million and 2.847 billion of net financial debt.
Driven by defense activities
The improvement in the accounts is due to the activities in the defense and government sector, while the group led by Alessandro Profumo is suffering from the crisis of the aerostructures, which have burned cash for over 300 million.
The saleswoman in Kuwait
The contribution of the aircraft and in particular of the Eurofighter order for Kuwait was also positive. The first two aircraft of the planned 28 were delivered last December. Two more aircraft are expected to be delivered later this month.