Leonardo - Finmeccanica : Pressure mounting on Q4
>Catching up effect in Q3 2020 EBITA - Leonardo has reported a solid Q3 2020 performance in terms of earnings on the back of a gradual improvement in productivity (volume of hours 7% below Q3 budget vs. -11% in Q2 and -15% in Q1), industrial efficacy back at a normal average level in September and the effects of cost savings. EBITA stood at € 205m, 21% above the consensus forecast (ODDO BHF: € 173m, cons: € 169m), on sales up 1% to € 3.2bn. The difference with our for...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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