Aerospace company Avio's 9-month revenue rises 16.7% on launch activity

Overview

• Italy aerospace manufacturer's 9M 2026 revenue rose 16.7% yr/yr

• Adjusted EBITDA for 9M 2026 grew 13.3% yr/yr

• Order backlog fell 8% from end-2025

Outlook

• Avio confirms 2026 guidance with net revenues expected at EUR 560–590 mln

• Company expects 2026 EBITDA reported of EUR 27–35 mln and adjusted EBITDA of EUR 29–37 mln

• Avio sees 2026 net income between EUR 8 mln and EUR 13 mln

Result Drivers

• LAUNCH ACTIVITY - Growth driven by increased Vega C and Ariane 6 launch activities and higher engine deliveries

• US EXPANSION - Progress in US growth strategy, including new manufacturing facility and agreements with major defense contractors

• MISSION COMPLETIONS - Successful completion of VV30 mission and continued launch activities supported results

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the aerospace & defense peer group is "buy"

• Wall Street's median 12-month price target for Avio SpA is €39.50, about 22.4% above its November 10 closing price of €32.28

• The stock recently traded at 121 times the next 12-month earnings vs. a P/E of 122 three months ago

Reuters Recommended Reads

• Nov 10 - Italy sees planned F-35 fighter jet spending rise by €7.3 billion

• Nov 11 - Cathay Pacific orders 14 Airbus aircrafts to expand its fleet

• Nov 10 - Embraer raises 2026 revenue forecast after strong third quarter; shares jump

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)