Leonardo : Q1 generally in line – Order intake off to a strong start
>Q1 generally in line with forecasts – Solid B/B of 1.2x - Leonardo has reported Q1 2021 earnings generally in line with forecasts. EBITA stood at € 95m (ODDO BHF: € 61m, Cons: € 78m) on sales up 7.7% to € 2.790bn, or a margin of 3.4% (+182bp). Once again, Defence Electronics & Security drove the performance and explained the difference with our estimates thanks to EBITA up 58% to € 127m (+261bp of margin) and especially the European activities (up from € 46m in Q1 20...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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