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Finmeccanica FY2010 Free Operating Cash Flow Over EUR410 Mln

Finmeccanica SpA expects its free operating cash flow to have been well above previous expectations, clocking in at between EUR410 million and EUR450 million for 2010.

The Italian defense-and-engineering conglomerate had previously said it expected full-year free operating cash flow to amount to between EUR200 million and EUR300 million.

The higher figure will have “a positive impact on the level of net financial debt at the end of 2010,” Finmeccanica said.

The company will submit its final results for approval by the board March 2, and will announce fresh guidance for 2011 on that date.

New orders are expected to be between EUR22 billion and EUR22.5 billion, Finmeccanica said.

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