Financials Avio S.p.A.

Equities

Market Closed - Borsa Italiana Other stock markets 16:45:00 13/02/2026 GMT			5-day change	1st Jan Change
34.40 ^EUR	+5.20%		+4.40%	+17.21%

02-13	Banks Weigh on Mib; Interpump Plummets After Earnings	AN
02-13	Milan Stock Exchange Drops Sharply, Banks Weigh Down, Prysmian Plummets	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	322	311.6	357.3	343.7	480.4	524.3	592.3	659.7
Change	-	-3.24%	14.68%	-3.81%	39.78%	9.14%	12.96%	11.37%
EBITDA ¹	43.3	38	27.8	28	31.3	35.25	39.57	43.73
Change	-	-12.24%	-26.84%	0.72%	11.79%	12.62%	12.25%	10.5%
EBIT ¹	24	16.85	8.613	12.72	13.8	15.96	18.8	24.39
Change	-	-29.8%	-48.88%	47.64%	8.52%	15.69%	17.77%	29.74%
Interest Paid	-	-0.922	-1.094	-	-	-	-	-
Earnings before Tax (EBT) ¹	15.41	8.622	1.386	6.641	6.764	13.55	24.52	27.62
Change	-	-44.05%	-83.92%	379.12%	1.84%	100.39%	80.95%	12.62%
Net income ¹	14.12	8.48	-0.4348	6.487	6.087	10.51	14.76	15.6
Change	-	-39.93%	-105.13%	1,592.14%	-6.17%	72.59%	40.47%	5.71%
Announcement Date	19/03/21	14/03/22	13/03/23	13/03/24	13/03/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2024 Q1	2024 Q2	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	105.9	52.6	70.06	113.8	65.9	68.09	-	131.8	-	116.1	171.4
Change	-	-50.34%	33.19%	62.41%	-42.08%	3.32%	-	-	-	-	47.6%
EBITDA ¹	20.2	4.5	1.316	26.2	1.2	4.431	3.4	7.179	6.6	4.996	18.8
Change	-	-77.72%	-70.76%	1,890.88%	-95.42%	269.25%	-23.27%	111.15%	-8.07%	-24.3%	276.3%
EBIT ¹	13.7	-0.8	-3.807	20.65	-4.1	0.355	-1	3.12	0.9	0.1472	13.8
Change	-	-105.84%	-375.87%	642.4%	-119.86%	108.66%	-381.69%	412%	-71.15%	-83.64%	9,271.82%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	19/03/21	11/05/21	08/11/21	14/03/22	10/05/22	09/09/22	08/05/24	11/09/24	12/09/25	27/10/25	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2024 S1	2024 S2	2025 S1
Net sales	-	134	-	210.6	269.8	-
Change	-	-	-	-	28.11%	-
EBITDA ¹	-	5.631	-	10.58	-	11.4
Change	-	-	-	-	-	-
EBIT ¹	-	-3.745	1.4	2.12	11.68	-
Change	-	-	137.38%	51.43%	450.94%	-
Charge d'intérêts	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-
Change	-	-	-	-	-	-
Net income	-2.441	-	-	-	6.511	-
Change	-	-	-	-	-	-
Announcement Date	10/09/21	09/09/22	08/09/23	11/09/24	13/03/25	12/09/25

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-62.6	-57.2	-74.5	-76.1	-90.1	-511	-440	-306
Change	-	8.63%	-30.24%	-2.15%	-18.4%	-467.2%	13.89%	30.45%
Announcement Date	19/03/21	14/03/22	13/03/23	13/03/24	13/03/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	34.6	33.71	32.52	36.34	35.16	37.2	88.25	132
Change	-	-2.56%	-3.56%	11.78%	-3.26%	5.8%	137.23%	49.58%
Free Cash Flow (FCF) ¹	12.8	7.541	33.22	6.137	25.1	238	-55.43	-143.3
Change	-	-41.09%	340.58%	-81.53%	309.01%	848.17%	-123.29%	-158.57%
Announcement Date	19/03/21	14/03/22	13/03/23	13/03/24	13/03/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	13.45%	12.2%	7.78%	8.15%	6.52%	6.72%	6.68%	6.63%
EBIT Margin (%)	7.45%	5.41%	2.41%	3.7%	2.87%	3.04%	3.17%	3.7%
EBT Margin (%)	4.79%	2.77%	0.39%	1.93%	1.41%	2.58%	4.14%	4.19%
Net margin (%)	4.38%	2.72%	-0.12%	1.89%	1.27%	2%	2.49%	2.36%
FCF margin (%)	3.97%	2.42%	9.3%	1.79%	5.22%	45.39%	-9.36%	-21.73%
FCF / Net Income (%)	90.66%	88.93%	-7,641.74%	94.6%	412.36%	2,265.48%	-375.63%	-918.77%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	4.71%	2.8%	1.89%	0.47%	2.02%	2.32%	2.46%	2.79%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	10.74%	10.82%	9.1%	10.57%	7.32%	7.1%	14.9%	20.01%
CAPEX / EBITDA (%)	79.91%	88.72%	116.96%	129.8%	112.34%	105.53%	223.02%	301.89%
CAPEX / FCF (%)	270.31%	447.08%	97.87%	592.23%	140.08%	15.63%	-159.2%	-92.09%
Items per share
Cash flow per share ¹	1.79	1.557	3.024	1.637	2.312	0.6789	0.7587	0.8019
Change	-	-12.97%	94.16%	-45.86%	41.21%	-70.63%	11.75%	5.7%
Dividend per Share ¹	0.285	0.178	-	0.24	0.1484	0.1458	0.1519	0.1592
Change	-	-37.54%	-	-	-38.16%	-1.78%	4.22%	4.77%
Book Value Per Share ¹	11.81	11.78	-	11.9	11.49	20.28	17.03	17.38
Change	-	-0.33%	-	-	-3.44%	76.53%	-16.01%	2.05%
EPS ¹	0.52	0.32	-0.02	0.25	0.23	0.2864	0.2302	0.203
Change	-	-38.46%	-106.25%	1,350%	-8%	24.5%	-19.61%	-11.82%
Nbr of stocks (in thousands)	25,688	25,688	25,206	25,268	25,268	45,804	45,804	45,804
Announcement Date	19/03/21	14/03/22	13/03/23	13/03/24	13/03/25	-	-	-