Leonardo SpA ( (FINMY) ) has released its Q1 earnings. Here is a breakdown of the information Leonardo SpA presented to its investors.
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Leonardo SpA is a leading global company in the Aerospace, Defence, and Security sectors, known for its significant contributions to international programs like Eurofighter and Eurodrone, with operations across Italy, the UK, Poland, and the USA.
In the first quarter of 2025, Leonardo SpA reported a robust financial performance, with new orders reaching €6.9 billion, a 20.6% increase from the previous year, and revenues rising to €4.2 billion, marking a 14.9% growth. The company’s EBITA also saw a significant increase of 17.9%, reaching €211 million.
Key highlights from the earnings report include a strong order backlog exceeding €46 billion, a book-to-bill ratio of 1.7x, and a notable reduction in Group Net Debt by 27.5% to €2,125 million. The company also reported a net result before extraordinary transactions of €115 million, a 23.7% increase from the previous year, demonstrating improved profitability and cash flow management.
Strategically, Leonardo SpA has made significant moves, including a Memorandum of Understanding with Baykar Technologies for unmanned technologies and the establishment of Leonardo Rheinmetall Military Vehicles, aiming to strengthen its position in the military combat vehicles market in Europe.
Looking forward, Leonardo SpA’s management remains optimistic, reaffirming its 2025 guidance and medium-to-long-term targets, supported by a positive market reception and strategic initiatives aimed at sustainable growth.