Leonardo : Solide T2 2021 à tous les niveaux – OC relevé de 7.7 € à 8.4 €
>Solide T2 en termes d’EBITA comme de FOCF - Leonardo a publié hier soir un T2 clairement solide avec un EBITA de 305 M€ (ODDO BHF : 263 M€, Cons : 252 M€), +21.5% vs T2 2020, pour un CA de 3 555 M€, soit une marge de 8.6% (+94pb). L’écart par rapport à nos estimations provient essentiellement de i/ Defence Electronics avec une forte amélioration de la marge visible sur la partie européenne (+470 pb à 10.5%) qui efface les effets du COVID mais également chez DRS (+370...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.