Italy · Delayed Price · Currency is EUR Leonardo S.p.a. Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw record order intake, revenue, and profitability, with strong growth across all divisions and improved margins. Guidance for the full year is confirmed, and the integration of Iveco Defence Vehicles is expected to further boost results.
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A comprehensive five-year plan targets EUR 142 billion in orders and EUR 30 billion in revenues by 2030, driven by a diversified, integrated portfolio and the innovative Michelangelo Dome air defense system. Growth is supported by international expansion, digitalization, and a strong focus on services, with disciplined capital allocation and robust ESG performance.
Fiscal Year 2025
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Orders, revenues, and EBITDA all posted double-digit growth, with net debt reduced by 44% and free operating cash flow surpassing €1 billion. Strategic M&A, portfolio transformation, and strong R&D investment underpin robust performance and future outlook.
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Q3 2025 saw double-digit growth in orders, revenues, and EBITDA, with strong performance across all divisions and a record backlog. Full-year guidance is confirmed, with management confident in exceeding targets. Major initiatives and strategic partnerships are progressing well.
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Orders, revenues, and EBITDA all saw double-digit growth in H1 2025, with improved cash flow and reduced net debt. Upgraded full-year guidance reflects strong demand, major joint ventures, and strategic acquisitions, notably in cybersecurity and land defense.
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Q1 2025 delivered robust growth in orders, revenues, and EBITDA, with strong export momentum and reduced net debt. Major progress was made in aerostructures partnerships and new JVs, while the capacity boost initiative and efficiency gains underpin confidence in full-year guidance.
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Orders, revenues, and EBITDA all saw double-digit growth in 2024, with ambitious 2029 targets set. Strategic joint ventures, a new space division, and a robust M&A pipeline support future growth, while a 90% dividend increase and strong ESG progress reinforce shareholder and sustainability commitments.
Fiscal Year 2024
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Double-digit growth in orders, revenues, and EBITDA exceeded guidance, with strong performance in core defense and security businesses. Efficiency gains, reduced net debt, and robust cash flow supported a positive outlook, despite ongoing Aerostructures and space telco challenges.
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Double-digit growth in revenue and operating profit was achieved, with strong order intake and reduced net debt. Full-year guidance is confirmed, supported by robust defense and security performance, efficiency gains, and new joint ventures, despite challenges in aerostructures and space telco.
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Double-digit growth in order intake, revenues, and EBITDA marked a strong H1 2024, with improved cash flow, reduced net debt, and a record backlog. Strategic joint ventures, portfolio streamlining, and efficiency gains offset challenges in Aerostructures and Space.