Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

Leonardo - Finmeccanica : Une déception sur le T3 à relativiser

>Un T3 décevant pénalisé par ATR et l’envolée des coûts centraux - Leonardo a publié hier soir un T3 décevant avec un EBITA ressortant 17% en-deçà du consensus à 162 M€ pour des ventes en croissance de 3.9% à 2 651 M€ (soit une marge de 6.1%, -267pb). Cette maigre performance s’explique essentiellement par i/ le fort recul de la contribution d’ATR (la contribution des JV recule de 17 M€ par rapport au T3 2017) en raison d’un effet changes défavorable suite à un change...
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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