Report
Olfa Taamallah ...
  • Yan Derocles

Leonardo : Une tendance de FOCF normalisée et de la valeur cachée

>Objectifs FY22 atteints - Leonardo publiera le 9/03 des résultats FY22 que nous anticipons solides. Nous modélisons un EBITA de 1 200 M€ (vs. un objectif compris entre 1 170 et 1 220 M€ et un consensus VA à 1 190 M€) pour un CA de 14 610 M€, soit une marge de 8.2% (+27pb en dépit des répercussion du conflit ukrainien sur l’activité spatiale) et vraisemblablement proche de 9.5% hors pass through. Après éléments non récurrents mais avant PPA, nous anticipons un rés...
Underlying
Leonardo SpA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Olfa Taamallah

Yan Derocles

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