Leonardo : Q2 EBITA 2023 4.8% ahead of the consensus and first intervention by new CEO successful
>EBITA 4.8% above consensus buoyed by defence business in Europe - Leonardo reported a solid Q2 2023, marked by EBITA 4.8% above company-compiled expectations at € 325m (ODDO BHF: € 300m, consensus: € 310m), +13.6%, for sales growth of 8.1% to € 3,860m. The margin rose by 41bp to 8.4% vs Q2 2022. The difference with our estimates is mainly due to the better performance of EDS Europe (EBITA of € 136m and a margin of 11.8%, +149bp) which benefited from volume growth an...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.