Leonardo’s trading results were down across the board in 2017. And more of the same is expected in 2018.
The value of new helicopter orders Leonardo signed in 2017 was down to €3.15 billion from the €3.74 billion it netted in 2016. Leonardo attributes the drop in orders to general uncertainty and caution in the helicopter market.
At the end of 2017, the company’s helicopter orderbook stood at €9.7 billion.
The manufacturer’s outlook on 2018 is cautious. However, Leonardo is expecting its production numbers to rise in 2018, mitigating the drop in production it saw in 2017. Overall profits in its helicopter segment appear set to improve this year – in line with the company’s goal of attaining double-digit margins in its helicopter business by 2020.