Growth will be supported by expansion in the electronics and aerostructures areas, particularly in the Fusaro and Pomigliano plants. Market response has been positive, evidenced by a 6 percent increase in share value. Cingolani: “strengthen the core business of Electronics for Defense, Helicopters and Aircraft, confirming the recovery of Aerostructures, and exploiting opportunities in Cyber and Space.“
Leonardo, a leading player in the defense and aerospace industry, has outlined the details of its industrial plan for the period 2024-2028, aiming for an ambitious goal: to reach 95 billion euros in revenues. This goal relies in particular on the contribution of the Fusaro and Pomigliano plants, which represent nerve centers for activities related to electronics and aerostructures.
The market has responded positively to this prospect, as evidenced by the approximately 6 percent increase in the value of Leonardo’s shares, a sign of investor confidence and optimism.
The plan is built on a solid foundation: financial results for 2023 indicate steady growth, with total orders reaching 17.9 billion euros, marking a 3.8 percent increase over the previous year and exceeding company expectations. Revenues reached 15.3 billion euros, up 3.9 percent from 2022, showing progress in all business divisions.
Leonardo CEO Roberto Cingolani emphasized how growth is supported by a strategy that combines constant innovation and careful financial management. This approach has not only generated an increase in EBITDA to €1.29 billion (up 5.8 percent from 2022), but has also improved the group’s debt position, which has been reduced by 23 percent from the previous year.
The new industrial plan 2024-2028, Cingolani explained, “defined the strategy to unlock the growth potential of Leonardo’s business, leading the group to achieve strong top-line growth, double-digit profitability by 2026, and double Focf (operating cash flow) by the end of the plan.” Cingolani then explained that plan includes “strengthening the core business of Electronics for Defense, Helicopters and Aircraft, confirming the recovery of Aerostructures, and exploiting opportunities in Cyber and Space.”
Leonardo’s business plan aims not only to expand its footprint in the global sector, but also to strengthen the company’s financial resilience and sustainability, laying the foundation for a prosperous and dynamic future in the international context.
Cingolani also spoke about the international alliances that bind the Group particularly to France. “Leonardo and Thales believe in the space alliance” endowed with “enormous potential” and that it is in a position to make “also acquisitions.” In space, the two leading European defense groups are partners in Telespazio (Italian-controlled) and Thales Alenia Space (controlled by the French group). “This has already been agreed with Thales colleagues, we believe in this synergy.” The CEO also explained that the creation of the Space division and the reorganization of activities will allow Leonardo to become “a reference at the European level because we no longer present ourselves with separate activities” and “give us the possibility to be independent on all satellite services.”
(Associated Medias) – All rights reserved
