Leonardo SpA
MIL:LDO

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Leonardo SpA
MIL:LDO
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Price: 50.32 EUR -1.49% Market Closed
Market Cap: 29.1B EUR

Leonardo SpA
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

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.

Key Financials
New Orders
EUR 18.2 billion
Book-to-Bill
1.4x
Revenue
EUR 13.4 billion
EBITDA
EUR 945 million
Return on Sales
7%
Free Operating Cash Flow
-EUR 426 million (cash absorption)
Net Debt
EUR 2.3 billion
EBIT
EUR 722 million
Net Result
EUR 466 million
Net Result (including capital gains)
EUR 735 million
Helicopters Order Intake
EUR 4.9 billion
Helicopters Revenue
EUR 4.1 billion
Helicopters EBITDA
EUR 320 million
Defense Electronics Order Intake
EUR 4.9 billion
Defense Electronics Revenue
EUR 3.5 billion
Defense Electronics EBITDA
EUR 450 million
Defense Electronics Return on Sales
12.8%
Leonardo DRS Order Intake
EUR 2.8 billion
Leonardo DRS Revenue
EUR 2.3 billion
Leonardo DRS EBITDA
EUR 217 million
Leonardo DRS Return on Sales
9.4%
Cyber & Security Order Intake
EUR 700 million
Cyber & Security Revenue
EUR 532 million
Cyber & Security EBITDA
EUR 41 million
Cyber & Security Return on Sales
7.7%
Aircraft Order Intake
EUR 4.3 billion
Aircraft Revenue
EUR 2.3 billion
Aircraft EBITDA
EUR 265 million
Aerostructures Order Intake
EUR 789 million
Aerostructures Revenue
EUR 510 million
Aerostructures EBITDA
-EUR 135 million
ATR Contribution
-EUR 34 million
Space Order Intake
EUR 655 million
Backlog
EUR 47 billion
Earnings Call Recording
Other Earnings Calls

Management

Ambassador Stefano Pontecorvo
Executive Chairman
No Bio Available
Mr. Roberto Cingolani
GM, CEO & Director
No Bio Available
Mr. Lorenzo Mariani
Chief Commercial Officer
No Bio Available
Mr. Lucio Valerio Cioffi
General Manager
No Bio Available
Mr. Franco Ongaro
Chief Technology & Innovation Officer
No Bio Available
Ms. Valeria Ricciotti
Head of Investor Relations & Credit Rating Agencies
No Bio Available
Mr. Stefano Amoroso
Communication Director
No Bio Available
Giuseppe Maresca
Senior Vice President of Marketing & Commercial Affairs
No Bio Available
Mr. Antonio Liotti
Chief People & Organization Officer
No Bio Available
Mr. Giovanni Soccodato
Chief Strategic Equity Officer
No Bio Available

Contacts

Address
ROMA
Rome
Piazza Monte Grappa, 4
Contacts
+390632473313.0
www.leonardo.com