Leonardo Spa (IT:LDO) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Leonardo Spa reported significant growth in key financial metrics for the first nine months of 2024, with orders reaching €14.8 billion and revenues climbing to €12.1 billion, reflecting a robust performance in their Electronics and Helicopters sectors. The company’s strategic initiatives, including the establishment of a joint venture with Rheinmetall and the acquisition of GEM Elettronica, are positioning Leonardo for continued growth in international markets. Additionally, a reduction in net debt by 19% underscores the company’s successful financial management and operational efficiency.
For further insights into IT:LDO stock, check out TipRanks’ Stock Analysis page.