Rome (Reuters) – Leonardo noted its turnover and orders forecasts on Tuesday for 2025, while the Italian industrial group reported a busy order book and the growth of its main activities, defense electronics and helicopters.
The group, controlled by the Italian State, said in a statement expect its turnover to reach around 18.6 billion euros in 2025, against 17.7 euros expected in March last year as part of a multi -year plan.
Leonardo, one of the European companies likely to benefit from the increase in defense spending in Europe, has planned new orders of around 21 billion euros by the end of the year, after having exceeded the expectations set for 2024 last month.
“The expectations for 2025 confirm the sustainable growth trajectory initiated in the industrial plan 2024-2028, with the progressive strengthening of its competitive positioning on the national and international markets, supported by an increased profitability and generation of cash,” said the group.
Leonardo also provides for a profit before interest, taxes and depreciation (EBITA) of around 1.66 billion euros in 2025.
On the Milan Stock Exchange at 1:37 pm GMT, the title of Leonardo was up 2.4%, while the group must publish the details of a new strategic plan later on Tuesday.
(Written by Keith Weir and Giulia Segreti, Etienne Breban, edited by Kate Entringer)
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