OverviewSuggest Edit

Avio is a service provider and manufacturer of subsystems and components for military and commercial jet engines. It designs, develops, produces, and integrates space launchers, solid and liquid fuel propulsion systems for tactical missiles and satellites, as well as provides research and development services. Avio serves customers in the space launcher and spacecraft propulsion sector.
TypePublic
Founded1912
HQColleferro, IT
Websiteavio.com

Latest Updates

Employees (est.) (Dec 2020)950(+2%)
Revenue (FY, 2019)€391.1 M(-11%)
Share Price (Nov 2021)€11.7
Cybersecurity ratingAMore
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Key People/Management at Avio

Giulio Ranzo

Giulio Ranzo

CEO, Director
Alessandro Agosti

Alessandro Agosti

CFO
Paolo Bellomi

Paolo Bellomi

CTO
Giorgio Martellino

Giorgio Martellino

General Counsel
Stefano Bottaro

Stefano Bottaro

Human Resources and Organization Director
Sergio Colabucci

Sergio Colabucci

Procurement Director
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Avio Office Locations

Avio has offices in Colleferro and Roma
Colleferro, IT (HQ)
SP 600
Roma, IT
Via Leonida Bissolati, 76
Show all (2)

Avio Financials and Metrics

Avio Revenue

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Avio's revenue was reported to be €391.12 m in FY, 2019 which is a 11% decrease from the previous period.
EUR

Revenue (FY, 2019)

391.1m

Revenue growth (FY, 2018 - FY, 2019), %

(11%)

Gross profit (FY, 2019)

96.3m

Gross profit margin (FY, 2019), %

24.6%

Net income (FY, 2019)

27.0m

EBIT (FY, 2019)

26.5m

Market capitalization (10-Nov-2021)

299.5m

Closing stock price (10-Nov-2021)

11.7

Cash (31-Dec-2019)

144.3m

EV

233.5m
Avio's current market capitalization is €299.5 m.
Annual
EURFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

339.7m325.3m439.7m391.1m

Revenue growth, %

22%(4%)35%(11%)

Cost of goods sold

266.2m253.9m344.1m294.8m

Gross profit

73.5m71.5m95.6m96.3m
Half Year
EURH1, 2017H1, 2018H1, 2019

Revenue

101.3m202.0m191.0m

Cost of goods sold

79.0m156.7m144.2m

Gross profit

22.2m45.3m46.8m

Gross profit Margin, %

22%22%25%
Annual
EURFY, 2016FY, 2017FY, 2018FY, 2019

Cash

87.2m107.0m108.4m144.3m

Accounts Receivable

10.9m8.5m7.0m6.2m

Inventories

133.1m125.8m116.1m145.5m

Current Assets

304.3m433.5m405.1m362.4m
Half Year
EURH1, 2017H1, 2018H1, 2019

Cash

63.4m73.5m93.8m

Accounts Receivable

5.8m4.6m3.5m

Inventories

127.3m117.0m136.1m

Current Assets

427.7m480.7m353.6m
Annual
EURFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

3.1m22.4m25.8m27.0m

Depreciation and Amortization

13.7m10.6m14.0m16.1m

Inventories

(23.9m)5.4m1.5m(28.3m)

Accounts Payable

9.8m14.5m42.0m(31.1m)
Half Year
EURH1, 2017H1, 2018H1, 2019

Net Income

2.3m6.2m7.1m

Depreciation and Amortization

3.3m6.8m8.0m

Inventories

3.9m8.8m(20.0m)

Accounts Payable

15.6m22.5m(11.3m)
EURFY, 2016

Revenue/Employee

448.1k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.6 x
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Avio Operating Metrics

Avio's Backlog was reported to be €669m in FY, 2019.
FY, 2015FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019

Backlog

€900 m€775.1 m€716.2 m€951.1 m€962.5 m€877.4 m€744.9 m€669 m
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Avio Acquisitions / Subsidiaries

Company NameDateDeal Size
ASPropulsion International B.V.
Avio India Aviation Aerospace Private Limited
ELV S.p.A.
Europropulsion S.A.
Potable Water Services Consortium
Regulus S.A.
SE.CO.SV.IM. S.r.l.
Servizi Colleferro - Consortium Limited Liability Company
Termica Colleferro S.p.A. B

Avio Revenue Breakdown

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Avio revenue breakdown by business segment: 53.1% from Vega, 41.4% from Ariane and 5.4% from Other

Avio Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Avio Online and Social Media Presence

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Avio News and Updates

Avio CEO promises Vega’s rapid return to flight as CNES plots replacement satellite

The head of Italian rocket manufacturer Avio assured customers Nov. 19 that the company was working hard to return Vega to service following the rocket’s second failure in its last three launches.   SpaceNews

Avio seeking to compress Vega launch delays

Italian rocket builder Avio will keep a team of launch personnel in French Guiana from May through August in the hopes of completing three Vega launches this year, notwithstanding coronavirus-related slowdowns. SpaceNews.com

Avio, exempt from Italy’s coronavirus lockdown, seeks reopening of French Guiana spaceport

Since 60% of Avio’s revenue comes from manufacturing, the French government’s March 16 decision to suspend launches from the Guiana Space Center shouldn’t impact revenues as long as Europe’s South American spaceport reopens within two to three months, Ranzo said.  SpaceNews.com

ESA Ministerial Council Broadens European Space Launchers Prospects - Avio Guidance for 2019 Confirmed

ROME, Dec. 9, 2019 /PRNewswire/ -- The ESA 2019 Ministerial Council, held in Seville (Spain) last week, concluded its work on the allocation of the ESA Space budget for research and development for the years 2020-2022. The European Space budget has grown by 36% vs the previous 3-year...

Avio anticipates Vega C upgrade funding at ESA ministerial, Vega return to flight in March

Avio CEO Giulio Ranzo said during a Nov. 7 earnings call, said Vega is on track for a return to flight by March, though what payload will launch on the mission is still to be determined.  SpaceNews.com

Avio gets ESA assurance for transition missions from Vega to Vega C

Giulio Ranzo, CEO of Avio, the Colleferro, Italy, company that builds the Vega and future Vega C rocket, said the ESA council session included missions for both Avio-built rockets during the transition years to Vega C. SpaceNews.com
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Avio Blogs

Four Ariane 6 rockets for Galileo navigation satellites

New purchase of 4 Ariane 6.2 launches by the European Commission for the Galileo navigation constellation, on top of the 2 already booked in 2017. These satellites will be placed in Medium Earth Orbit starting in 2022. Avio manufactures the 2 P120 side boosters of... The post Four Ariane 6 rockets f…

FIRST 2020 ARIANE 5 FLIGHT SUCCESSFULLY COMPLETED

Eutelsat Konnect and GSAT-30 satellites correctly orbited The first 2020 flight (107th mission overall) of the Ariane 5 rocket successfully took place during the night of the 16th of January from the Guyana Space Center (CSG) spaceport. The European launcher correctly orbited the Eutelsat Konnect...…

FLUIDIC TEST – VEGAC

The combined test of the A1A assembly of the new Vega C launcher was held at the Guyanese Space Centre. This system test is one of the main milestones of the VEGA-C development programme. The test simulates and verifies for the first time the BIP/MG... The post FLUIDIC TEST – VEGAC appeared first on…

THE ACOUSTIC TEST ON UCMEC MODEL OF VEGA C WAS COMPLETED!

The acoustic test on Vega C’s #UCMEC (Upper Composite MEChanical model) was completed last week at #ESTEC, the European Space Research and Technology Centre of the European Space Agency (@Esa)for space vehicles and technology.   The UCMEC is the model of the upper part of... The post THE ACOUSTIC TE…

New updates about Vega Flight in 2020

Giulio Ranzo CEO of Avio, Ettore Scardecchia Chief Technical Officer and Andrea Preve Vega Program Manager explain how we are going towards Vega Flight on 2020 https://youtu.be/iR6AuT0mcH4   The post New updates about Vega Flight in 2020 appeared first on Avio.com.

AVIO GUIDANCE FOR 2019 CONFIRMED

ESA MINISTERIAL COUNCIL BROADENS EUROPEAN SPACE LAUNCHERS PROSPECTS 36% growth of ESA 2020-22 total budget (on 2017-19); 38% growth for contribution to launchers 65% growth of total Italian contribution (on 2017-19) € 400+ Mln in the next years for Avio’s programs, including Vega C, Vega... The post…
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Avio Frequently Asked Questions

  • When was Avio founded?

    Avio was founded in 1912.

  • Who are Avio key executives?

    Avio's key executives are Giulio Ranzo, Alessandro Agosti and Paolo Bellomi.

  • How many employees does Avio have?

    Avio has 950 employees.

  • What is Avio revenue?

    Latest Avio annual revenue is €391.1 m.

  • What is Avio revenue per employee?

    Latest Avio revenue per employee is €411.7 k.

  • Who are Avio competitors?

    Competitors of Avio include Teledyne Brown Engineering, Hanwha Aerospace and Roketsan.

  • Where is Avio headquarters?

    Avio headquarters is located at SP 600, Colleferro.

  • Where are Avio offices?

    Avio has offices in Colleferro and Roma.

  • How many offices does Avio have?

    Avio has 2 offices.