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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Avio SpA    AVIO   IT0005119810

AVIO SPA

(AVIO)
  Report  
End-of-day quote. End-of-day quote Italian Stock Exchange - 07/22
12.48 EUR   +0.81%
07/11AVIO : Vega vv15 video from ceo giulio ranzo
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07/11Space company Avio's Vega vehicle has launch failure
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07/11AVIO : Vega vv15
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Space company Avio's Vega vehicle has launch failure

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07/11/2019 | 07:31am EDT

(Reuters) - Italian space company Avio said on Thursday a Vega launch vehicle carrying a United Arab Emirates satellite experienced "an anomaly" which lead to a launch failure.

The company said that it was looking into the reasons for the anomaly, which happened two minutes after the launch and followed the second ignition stage.

The Vega launcher took off from a space port in French Guiana and was carrying the earth observation satellite FalconEye1 of the United Arab Emirates armed forces.

Avio produced the Vega launcher and the propulsion motor Zefiro 23 which was used in the second ignition stage.

Shares in Avio fell nearly 15% in early trading and were automatically suspended. They resumed trading by mid-morning and were down 11.6% at 1025 GMT.

Airbus and Thales Alenia Space, a joint venture between Thales and Leonardo, built the satellite, according to European space group Arianespace.

Arianespace, in charge of launching the satellite, had to postpone the launch twice due to unfavourable high-altitude winds, it said on its website.

Avio said on its website it is the main contractor for Vega, a space programme sponsored by the European Space Agency for missions in low earth orbit.

(Reporting by Silvia Recchimuzzi in Gdynia. Editing by Jane Merriman)

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -0.56% 130.76 Real-time Quote.55.74%
AVIO SPA 0.81% 12.48 End-of-day quote.10.93%
LEONARDO -0.18% 11.285 End-of-day quote.47.24%
THALES -0.92% 102.65 Real-time Quote.0.64%
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Financials (EUR)
Sales 2019 401 M
EBIT 2019 30,2 M
Net income 2019 25,4 M
Finance 2019 36,8 M
Yield 2019 3,64%
P/E ratio 2019 13,2x
P/E ratio 2020 12,4x
EV / Sales2019 0,73x
EV / Sales2020 0,71x
Capitalization 329 M
Chart AVIO SPA
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Technical analysis trends AVIO SPA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 17,37  €
Last Close Price 12,48  €
Spread / Highest target 48,2%
Spread / Average Target 39,2%
Spread / Lowest Target 34,6%
EPS Revisions
Managers
NameTitle
Giulio Ranzo Chief Executive Officer & Director
Roberto Italia Chairman
Alessandro Agosti Chief Financial Officer
Vittorio Rabajoli Director
Stefano Ratti Director
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