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Olfa Taamallah ...
  • Yan Derocles

Leonardo : L’inflexion de génération de FCF est crédibilisée

>Une accélération de la génération de FCF plus rapide - L’objectif de FOCF de 500 M€ en 2022 nous amène à relever notre génération de cash de 2.7 Md€ à 3.1 Md€ en cumul sur la période 2021-25. Après un rebond à 209 M€ en 2021, le FOCF 2022 bénéficiera i/ de milestone sur les programmes majeurs comme EFA Koweït et NH90 Qatar, ii/ d’une moindre consommation cash chez Aerostructures (-280 M€e, soit +59 M€ vs. 2021) grâce notamment à la poursuite du rebond des vo...
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
Olfa Taamallah

Yan Derocles

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