Leonardo : Newsflow being pushed back
>Recovery at aerostructures remains highly dependent on volumes - The recovery plan at the aerostructures activity, unveiled on Friday, was somewhat disappointing. Granted, the recovery profile is broadly in line with our expectations with the recovery concentrated towards the end of the period and with no impact on the target to generate € 3.2bn in cumulative FOCF for 2021-2025 but we had anticipated the announcement of restructuring measures, which was not the case....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.
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