Avio (AVIO.MI) stock price, revenue, and financials

Avio annual revenue was €439.70 m in FY 2018

€191 M

Avio Revenue H1, 2019
Avio Gross profit (H1, 2019)46.8 M
Avio Gross profit margin (H1, 2019), %24.5%
Avio Net income (H1, 2019)7.1 M
Avio EBIT (H1, 2019)8.1 M
Avio Cash, 30-Jun-201993.8 M

Avio Revenue

Avio revenue was €439.70 m in FY, 2018 which is a 35.2% year over year increase from the previous period.

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Avio Revenue Breakdown

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

Avio Income Statement

Annual

EURFY, 2016FY, 2017FY, 2018

Revenue

339.7m325.3m439.7m

Revenue growth, %

22%(4%)35%

Cost of goods sold

266.2m253.9m344.1m

Gross profit

73.5m71.5m95.6m

Gross profit Margin, %

22%22%22%

General and administrative expense

56.6m46.7m62.4m

Operating expense total

60.3m47.5m67.1m

Depreciation and amortization

13.7m10.6m14.0m

EBIT

13.2m24.0m28.5m

EBIT margin, %

4%7%6%

Interest expense

7.9m3.4m1.5m

Interest income

950.3k1.4m813.2k

Pre tax profit

6.3m22.0m27.9m

Income tax expense

3.1m(369.5k)2.0m

Net Income

3.1m22.4m25.8m

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%

General and administrative expense

16.6m32.7m36.2m

Operating expense total

19.0m37.7m38.7m

Depreciation and amortization

3.3m6.8m8.0m

EBIT

3.3m7.7m8.1m

EBIT margin, %

3%4%4%

Interest expense

2.1m824.9k467.4k

Interest income

653.6k590.4k291.8k

Pre tax profit

1.8m7.4m7.9m

Income tax expense

575.0k1.2m837.8k

Net Income

2.3m6.2m7.1m

Avio Balance Sheet

Annual

EURFY, 2016FY, 2017FY, 2018

Cash

87.2m107.0m108.4m

Accounts Receivable

10.9m8.5m7.0m

Inventories

133.1m125.8m116.1m

Current Assets

304.3m433.5m405.1m

PP&E

59.1m71.9m89.3m

Goodwill

221.0m61.0m61.0m

Total Assets

814.9m842.6m831.9m

Accounts Payable

56.7m89.4m131.4m

Short-term debt

105.8m25.3m19.3m

Current Liabilities

365.7m385.4m354.9m

Long-term debt

40.0m40.0m

Non-Current Liabilities

139.1m175.0m181.0m

Total Debt

105.8m65.3m59.3m

Total Liabilities

504.8m560.4m535.9m

Common Stock

40.0m91.0m91.0m

Additional Paid-in Capital

73.6m163.9m144.3m

Retained Earnings

190.3m3.6m10.4m

Total Equity

310.1m282.2m284.6m

Debt to Equity Ratio

0.3 x0.2 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

2.6 x3 x2.9 x

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

PP&E

63.3m70.7m89.6m

Goodwill

80.3m61.0m61.0m

Total Assets

821.7m887.8m798.9m

Accounts Payable

90.0m111.9m120.1m

Short-term debt

56.4m11.8m18.0m

Current Liabilities

426.5m429.9m299.9m

Long-term debt

40.0m55.4m

Non-Current Liabilities

133.4m181.8m212.4m

Total Debt

56.4m51.8m73.4m

Total Liabilities

559.9m611.6m

Common Stock

90.8m91.0m91.0m

Additional Paid-in Capital

163.9m144.3m144.3m

Retained Earnings

3.5m9.0m23.2m

Total Equity

255.5m276.2m286.6m

Debt to Equity Ratio

0.2 x0.2 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

3.2 x3.2 x2.8 x

Avio Cash Flow

Annual

EURFY, 2016FY, 2017FY, 2018

Net Income

3.1m22.4m25.8m

Depreciation and Amortization

13.7m10.6m14.0m

Accounts Receivable

(2.6m)(1.1m)1.5m

Inventories

(23.9m)5.4m1.5m

Accounts Payable

9.8m14.5m42.0m

Cash From Operating Activities

45.7m13.2m41.9m

Cash From Investing Activities

(24.5m)153.9m(22.7m)

Long-term Borrowings

(6.8m)(90.7m)

Dividends Paid

(1.6m)(1.9m)(11.8m)

Cash From Financing Activities

(4.4m)(60.6m)(17.8m)

Net Change in Cash

16.8m106.6m1.4m

Interest Paid

3.7m973.0k1.5m

Income Taxes Paid

1.6m2.1m1.5m

Free Cash Flow

21.2m(12.4m)19.2m

Half Year

EURH1, 2017H1, 2018H1, 2019

Net Income

2.3m6.2m7.1m

Depreciation and Amortization

3.3m6.8m8.0m

Accounts Receivable

1.6m3.9m3.5m

Inventories

3.9m8.8m(20.0m)

Accounts Payable

15.6m22.5m(11.3m)

Cash From Operating Activities

(14.3m)(1.8m)857.0k

Cash From Investing Activities

173.6m(6.4m)(9.0m)

Long-term Borrowings

(63.4m)

Dividends Paid

(1.9m)(11.8m)(13.0m)

Cash From Financing Activities

(96.3m)(25.3m)(6.4m)

Net Change in Cash

62.9m(33.5m)(14.6m)

Interest Paid

2.6m120.0k143.0k

Income Taxes Paid

289.0k476.0k304.0k

Free Cash Flow

(20.0m)(8.2m)(8.2m)

Avio Ratios

EURY, 2019

Revenue/Employee

209.9k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.8 x

Avio Operating Metrics

Avio's Backlog was reported to be €744.9m in H1, 2019.
FY, 2015FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018H1, 2019

Backlog

€900 m€775.10 m€716.20 m€951.10 m€962.50 m€877.40 m€744.90 m