Leonardo SpA
MIL:LDO
Leonardo SpA
In the arena of global aerospace, defense, and security, Leonardo SpA stands as a nuanced behemoth, weaving technology and innovation into its core operations. Born from the rich Italian legacy of engineering and craftsmanship, Leonardo has evolved significantly from its origins in defense manufacturing to a multi-faceted corporation with interests spanning from helicopters and aircraft to space systems and cyber security. At its heart, the company is a mastermind of complex systems integration, delivering cutting-edge solutions to military forces and civil authorities around the world. With a strategic focus on high technology and emphasis on R&D, Leonardo not only develops but also maintains and enhances sophisticated platforms such as the Eurofighter Typhoon, a multirole fighter aircraft, and works on international collaborations that place it at the forefront of defense capabilities and aerospace advancements.
Leonardo’s revenue streams are as diversified as its product offerings, benefiting from a balanced mix of government and commercial contracts. The company capitalizes on its prime contractor status in numerous defense and aerospace projects, deriving substantial income from the sale of military helicopters, aerostructures, and land and naval defense electronics. Additionally, Leonardo taps into the rising demand for cybersecurity and digitalized battlefield spaces, offering integrated solutions that protect critical information and systems against evolving threats. Its significant investments in research and collaborations allow Leonardo to stay ahead of technological trends, ensuring steady growth and leadership in an industry where innovation is both a necessity and a competitive advantage. As it navigates the future, Leonardo remains a testament to the power of diversification built on a foundation of technological excellence and strategic foresight.
In the arena of global aerospace, defense, and security, Leonardo SpA stands as a nuanced behemoth, weaving technology and innovation into its core operations. Born from the rich Italian legacy of engineering and craftsmanship, Leonardo has evolved significantly from its origins in defense manufacturing to a multi-faceted corporation with interests spanning from helicopters and aircraft to space systems and cyber security. At its heart, the company is a mastermind of complex systems integration, delivering cutting-edge solutions to military forces and civil authorities around the world. With a strategic focus on high technology and emphasis on R&D, Leonardo not only develops but also maintains and enhances sophisticated platforms such as the Eurofighter Typhoon, a multirole fighter aircraft, and works on international collaborations that place it at the forefront of defense capabilities and aerospace advancements.
Leonardo’s revenue streams are as diversified as its product offerings, benefiting from a balanced mix of government and commercial contracts. The company capitalizes on its prime contractor status in numerous defense and aerospace projects, deriving substantial income from the sale of military helicopters, aerostructures, and land and naval defense electronics. Additionally, Leonardo taps into the rising demand for cybersecurity and digitalized battlefield spaces, offering integrated solutions that protect critical information and systems against evolving threats. Its significant investments in research and collaborations allow Leonardo to stay ahead of technological trends, ensuring steady growth and leadership in an industry where innovation is both a necessity and a competitive advantage. As it navigates the future, Leonardo remains a testament to the power of diversification built on a foundation of technological excellence and strategic foresight.
Strong Q3 Results: Leonardo delivered a particularly strong third quarter, with year-over-year growth across all key metrics including orders, revenue, and profitability.
Order Intake: New orders rose by 24% to EUR 18.2 billion in the first 9 months, reflecting broad-based demand across divisions.
Revenue Growth: Revenue increased 12.4% to EUR 13.4 billion, supported by strong delivery from backlog and healthy performance in all major divisions.
Profitability: EBITDA grew by 23% to EUR 945 million, and return on sales improved to 7%.
Cash Flow and Debt: Free operating cash flow improved, with cash absorption reduced to EUR 426 million, and net debt decreased by 26% to EUR 2.3 billion.
Guidance Confirmed: Management reaffirmed the upgraded full-year guidance provided in July, despite strong Q3 numbers.
Strategic Initiatives: Progress continues on key programs, including GCAP, Rheinmetall partnership, Iveco Defense acquisition, and the creation of a European space company with Airbus and Thales.
Leadership Change: Alessandra Genco will be stepping down, with Claudia Introvigne taking over as Head of Investor Relations.
