Leonardo : The market plan for FCF is respected – focus on the B787 and MBDA
>Strong recovery in FOCF in Q2 – EBITA in line despite adverse exceptional items - Leonardo reported yesterday evening Q2 2022 results in line with expectations in terms of EBITA at € 286m (ODDO BHF: € 285m, cons: € 286m) on sales of € 3.57bn, representing a margin of 8%, down 57bp from Q2 2021 because of the increase in pass-through (c.€ 0.9bn of sales in H1). The only noteworthy divergence from our estimates was linked to Space, which recorded an impairment on a Rus...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.
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