All the 2023 numbers of Mbda Italia
Numbers and prospects of Mbda Italia traced by the CEO, Giovanni Soccodato. All the details
Today Mbda is able to provide complete air defense coverage in Europe at all layers (from very short to very long range) at a fully integrated level with systems (Camm, Aster, V-shorad, Mistral and Aquila) designed and built entirely in Europe . Over which Europe boasts complete sovereignty.
This is the response of Giovanni Soccodato, CEO of Mbda Italia, asked what he thinks of the German proposal for a European Iron Dome (the Israeli missile shield), on the occasion of the press conference on the results of Mbda Italia, the Italian subsidiary of the European missile group joint ventures of Airbus (37.5%), Bae Systems (37.5%) and Leonardo (25%).
“The Iron Dome is a product, the goal is to have European air coverage which can be achieved with many configurations. Different systems can be used, the important thing is that they are integrated” highlighted Soccodato. And it is precisely the particularly significant demand for air defense systems that has determined a growth trend for the company in both revenues and profitability, consecrating 2023 as a record year. Precisely for this reason, volumes are expected to decline slightly in 2024 if compared to last year, although still higher than historical trends.
Meanwhile, the growth of Mbda's presence in Europe continues, determined by the impact of the war in Ukraine on the volume ordered: in fact, it goes from 629 million euros in 2021 to 2.3 billion in 2023.
All the details.
RECORD NUMBERS OF MBDA ITALIA IN 2023
At Mbda group level, the European company recorded total revenues of 4.5 billion euros, a new record in order acquisition totaling 9.9 billion euros and an order backlog that reached 28 billion of euros with a proportion of 50% between domestic orders, i.e. from the countries in which Mbda operates (United Kingdom, France, Italy and Germany), and also a significant recovery in activity in the export world, first with non-EU markets (such as the Gulf). Furthermore, in the last two years Poland and Sweden have entered into air defense systems, two segments that the geopolitical situation has led to an increase in air defense.
And on the numbers of Mbda group, there is also the "important contribution of Mbda Italia" specifies Soccodato. In 2023, revenues from contracts amounted to 1.03 billion euros (1.025 in 2022), while orders reached the record figure of 2.3 billion euros (compared to 1.18 billion in 2022), “this led the portfolio at 4.5 billion euros".
THE EFFECTS ON EMPLOYMENT
In light of these group results and "to support these activities, this year too, new hires are planned (400 new hires) in the three sites of La Spezia, Rome and Fusaro, which will bring Mbda Italia's workforce to over 2000 units during the year, with an increase of over 10% compared to 2023” highlighted Soccodato.
2024 A “CHALLENGING” YEAR FOR MBDA ITALIA
And this year he will be a challenger for Mbda Italia according to the CEO. “In 2024 – explained the manager – it is essential to consolidate the backlog, which is already at an important level, and prepare for the future, perhaps not significant contracts from a value point of view but which prepare us for future prospects”. “Respecting delivery times has become a fundamental factor that rewards the market also in terms of price” added Soccodato, observing that “new Korean, Israeli and Turkish competitors are entering the market in a particularly aggressive way”.
For 2024 "we expect order volumes and turnover to be slightly lower than last year, which was record, but still higher than historical trends" he specified. Precisely for this reason it will be important to continue with "Cost containment to maintain competitiveness given that there are aggressive competitors", continued Soccodato.
WORKING ON GCAP, FREMM EVO AND CAMM ER
Finally, this year will be characterized by the start of the program for the creation of the new V-Shorad very short-range defense system, which will integrate our country's multi-layer air defense capability. The company is then involved in Gcap and the Fremm Evo (definition phase of the possible configurations. The company participates in the European cooperation project Hydis2 (HYpersonic Defense Interceptor Study), through which Mbda is laying the foundations to respond to the most sophisticated threats, such as hypersonic ones, together with 19 other partners from 14 countries. The program is currently in the concept definition phase as required by the contract with Occar which will be signed shortly. Another EDF tender is expected for the next phase. On the timing, Soccodato estimates 10 years: "It will depend on the ability to make a truly cooperative program to systematize resources and perhaps arrive ahead of schedule."
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/tutti-i-numeri-2023-di-mbda-italia/ on Fri, 22 Mar 2024 15:36:08 +0000.