Leonardo : The mishaps in Aerostructures are offset but limit upside in the short term
>Q2 results slightly better than expected … but down y-o-y - Q2 2024 results came in slightly better than expected with EBITA of € 321m (ODDO BHF: € 325m, company-compiled consensus: € 313m) for sales of € 4.3bn, or a margin of 7.4%, down 99bp compared with Q2 2023. Defence Electronics drove the performance in the quarter with EBITA up 8.2% thanks to MBDA and DRS. Reported net income was penalised by a strong increase in non-recurring items with costs on legacy contra...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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