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On the Move – Topsoe, Yield10, Calyxt, BASF, Biotalys, Tidal Vision, New Culture and more : Biofuels Digest

On the Move – Topsoe, Yield10, Calyxt, BASF, Biotalys, Tidal Vision, New Culture and more : Biofuels Digest
biofuelsdigest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biofuelsdigest.com Daily Mail and Mail on Sunday newspapers.

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EU defence needs green investors, firm says

The EU should put defence-industry spending on its new list of green-friendly investments in order to stimulate the sector, Italian aerospace firm Leonardo has said. "If the defence industry is put on the naughty list . the money will go elsewhere," Leo.

Alessandra genco

Used Helicopter Market Attains Shaky Hover

Used Helicopter Market Attains Shaky Hover
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Covid impact forces Leonardo to tear up aerostructures break-even plan

By Dominic Perry2021-03-10T12:39:00+00:00 Cratering civil aerospace demand has forced Leonardo to abandon a target to achieve break-even for its aerostructures operation this year. Presenting the company’s full-year results for 2020 on 10 March, chief executive Alessandro Profumo said that the coronavirus pandemic had derailed its previous turnaround plan for the division. Source: Leonardo Leonardo builds 787 fuselage sections at Grottaglie site “We need to be realistic and recognise that due to Covid-19 our original restructuring plan working towards break-even even this year is not achievable.” EBITA losses in the aerostructures operation widened in 2020 to €86 million ($102 million) from €11 million the previous year; return on sales stood at -10.5%, down from -1% in 2019.

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