Leonardo : Q1 2023 preview – robust orders and focus on cash
>Slow start to the year in terms of profitability but … - For Q1 2023 (release on 3 May), we forecast weaker profitability vs Q1 2022 due to the impact of inflation, demanding comps (contribution of the EFA Kuwait programme and naval system contract) and supply chain issues. We expect EBITA of € 121m (-8%) on flat sales of € 3.023bn, or a margin of 4% (-37 pb). The weaker trend is set to be visible mainly in Defence electronics. For all stocks exposed to military or g...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.