Leonardo : Major step forward in securing FCF trajectory … pending arrival of new CEO
>Impressive B/B of 1.6x and EBITA excl. JV in line with expectations - With € 4.868bn of order intake (vs € 4.235bn expected by the consensus), Leonardo posted an impressive book-to-bill of 1.6x in Q1 2023 and, what is more, without any major orders. The strongest growth came from helicopters in the military and civil segments, which could provide additional growth as of 2024. In reported terms, EBITA came in 13% short of the company-compiled consensus at € 105m but a...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.