Finmeccanica confirms outlook as first-quarter core earnings rise

MILAN Tue May 14, 2013 11:59am EDT

The headquarters of Italian defence and aerospace company Finmeccanica is seen in Rome May 3, 2012. REUTERS/Max Rossi

The headquarters of Italian defence and aerospace company Finmeccanica is seen in Rome May 3, 2012.

Credit: Reuters/Max Rossi

MILAN (Reuters) - Italian aerospace and defense group Finmeccanica (SIFI.MI) said on Tuesday its core earnings in the first quarter rose 5 percent boosted by its helicopter and aeronautics businesses.

In a statement the state-controlled group said core earnings, or before interest, tax and amortization, were 181 million euros ($235 million).

Net profit in the period fell to 6 million euros from 24 million euros a year ago.

The company confirmed its guidance for the full year.

($1 = 0.7705 euros)

(Reporting By Stephen Jewkes, editing by Danilo Masoni)

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