Avio SpA FY revenue rises 23% on higher production of Ariane 6 boosters

Avio SpA

12/03/2026 13:59

Overview

Italy aerospace firm's FY 2025 revenue up 23% yr/yr, order backlog rose 26%

Adjusted EBITDA and EBIT rose sharply from prior year

Company completed EUR 400 mln rights issue to fund new U.S. rocket motor factory

Outlook

Avio sees 2026 order backlog at EUR 2,000–2,100 mln

Company expects 2026 net revenues of EUR 560–590 mln

Avio forecasts 2026 net income of EUR 8–13 mln

Result Drivers

SPACE LAUNCHES - Growth in revenue was driven by increased Vega C flight operations and higher production of Ariane 6 boosters

DEFENSE CONTRACTS - Order backlog and revenues benefited from new defense-related contracts in Europe and the U.S., including agreements with Raytheon and Lockheed Martin

CAPITAL RAISE - EUR 400 mln rights issue completed to fund new U.S. rocket motor factory and support future growth

Company press release: ID:nBIA1w9HDk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
EUR 541.70 mln
FY Adjusted EBITDA
EUR 34.80 mln
FY Adjusted EBIT
EUR 14.50 mln
FY EBIT
EUR 12 mln
FY EBITDA
EUR 32.30 mln
FY Order Backlog
EUR 2.17 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Avio SpA is €40.00, about 8% above its March 11 closing price of €37.05

The stock recently traded at 152 times the next 12-month earnings vs. a P/E of 136 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)