The good performance of the Group continued in the first half of the year, with a gradual strengthening of its competitive position in both domestic and international markets, supported by further volume growth and solid profitability.
The increased demand for defence and security, linked to the geopolitical scenario, generates positive outlook for the defence sector.
In this context, based on the performance recorded in the six months to June and the revision of estimates for the second half of the year, in light of greater visibility on the prospects for order acquisition, the Group updates its full year 2025 Guidance as disclosed in March 2025 as follows:
- Increase in new order intake guidance from ca. € 21 billion to ca. € 22.25 – 22.75 billion, factoring in the acquisition of jumbo orders
- Upward revision of the FOCF guidance from ca. € 870 million to ca. € 920-980 million, as a result of good operating performance and cash advances related to additional orders
- Reduction of the Group's Net Debt, from ca. € 1.6 billion to ca. € 1.1 billion thanks to the positive impact of stronger cash generation and the postponement to 2026 of some M&A transactions expected during the year
- The guidance in terms of revenues of approximately €18.6 billion and EBITA of approximately € 1,660 million are confirmed