Rome, 6 October 2017 – Avio S.p.A. informs that today it has signed with the European Investment Bank (EIB) the contract for the financing of Euro 40 Million.

Leveraging the above indicated financing, Avio S.p.A. intends to support the development of new products and technologies related to space propulsion systems through Research and Development activities as well as the modernization and the expansion of the production capacity at the facilities in Colleferro (Rome), the main Avio S.p.A. industrial site in Italy.

REVENUE GROWTH CONTINUES
MARGINS IMPROVE AND ORDER BACKLOG GROWS

As regards some news published today on the media concerning an alleged  agreement signed by Avio on the Vega and Vega C launchers, Avio SPA underlines that such contracts were signed by Arianespace with OHB Italia and Airbus Defence & Space to provide them with the launch service.

REVENUES, ADJUSTED EBITDA AND ADJUSTED EBIT KEEP GROWING.

NET FINANCIAL POSITION FURTHER IMPROVES.

Key Q1 Highlights:

• Revenues: Euro 59,9 Million (+32% compared to 2016 Q1)
• Adjusted EBITDA: Euro 5,4 Million (+5%)
• Adjusted EBIT: Euro 2,8 Million (+54%)
• Net Financial Position: Euro -11,5 Million (- 38%)

Colleferro (Rome), 11 May 2017 – The Board of Directors of Avio S.p.A. has today examined and approved Avio Q1 results as at 31 March 2017.