Italy's small defense firms ride high amid military spending boon [Yahoo! Finance]
MEDIOBANCA SPA UNSP/ADR (MDIBY)
NASDAQ:AMEX Investor Relations:
mediobanca.com/en/investor-relations/index.html
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Source: Yahoo! Finance
foreign players, with an Earnings Before Interest and Taxes (EBIT) margin of 12.2 percent, almost double the national average of 6.2 percent. DEAS - Difesa e Analisi Sistemi, a small cyber firm, had the highest EBIT margin of 54 percent, according to the Mediobanca report. Small, family-owned defense companies in Italy grew by 29.2 percent in 2023, outperforming state-run firms and foreign players, according to the Mediobanca report. Foreign-owned firms make up 25.1 percent of turnover in the Italian defense industry, with 36 of the top 100 firms in Italy being foreign-owned, according to the Mediobanca report. Only 49 percent of the total €40.7 billion turnover of Italy's top 100 firms is derived from defense contracts, approximately €20 billion, with the remaining 51 percent coming from civil contracts, according to the Mediobanca report. ROME — Italy's small, family-owned defense companies are more profitable and are growing faster than the country's massive state-run fir
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