Leonardo - Finmeccanica : Guidance for FY2020 EBITA 4.7% ahead of consensus at the mid-range
>A solid Q2 2020 in the end - Leonardo has reported far better than expected Q2 2020 earnings with EBITA of € 251m, or nearly double the level forecast by the consensus (ODDO BHF: € 112m, Cons: € 123m), on virtually stable sales at € 3.3bn, or a margin of 10%. The difference relative to forecasts stemmed primarily from: Higher volumes related to production of the Typhoon EFA Kuwait programme, which more than offset the decline in production of the B787 ...Leonardo is the holding company for The Finmeccanica Group, and is responsible for guiding and controlling industrial and strategic operations, coordinates its subsidiaries. The Finmeccanica Group operates in the Aerospace and Defence sector, which includes the Helicopters, Defence and Security Electronics, Aeronautics, Space and Defence Systems segments; and in the Transportation sector, which also includes Fata S.p.a., in addition to the companies operating in the transportation sector.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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