Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

Leonardo - Finmeccanica : Les JV pèsent mais le core business s’améliore plus rapidement que prévu

>Un T2 en ligne avec les attentes tiré par le core business… - Après retraitement d’un élément exceptionnel de 20 M€ dans la division Helicopters lié à la révision des termes du régime de retraite au RU, l’EBITA du T2 2019 ressort en ligne avec les attentes à 304 M€ (ODDO BHF : 287 M€, Cons : 307 M€) pour un CA en croissance de 3.2% à 3.2 Md€. Deux divisions contribuent à cette performance : i/ l’EBITA sous-jacent d’Helicopters progresse de 24% (+220 pb de marge) port...
Underlying
Leonardo SpA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Antoine Boivin-Champeaux

Yan Derocles

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