Italy's Leonardo confirms FY guidance on the back of higher profits, orders
Reuters
Published Jul 28, 2022 16:57
Updated Jul 28, 2022 17:16
ROME (Reuters) - Italy's Leonardo confirmed on Thursday its full-year guidance on the back of increasing profit margins and orders as weapon demand surges globally.
New orders grew 9.4% year-on-year to 7.3 billion euros in the first six months of the year, with "no jumbo orders", the group said in a statement. Earnings before interest, taxes and amortisation (EBITA) was up 4.5% to 418 million euros in the period to June.
"In addition to the positive business and financial performance in the first half, (Leonardo) finalised important long-term strategic transactions," Chief Executive Alessandro Profumo said in the statement, citing among other the acquisition of Germany's Hensoldt and the listing of U.S. unit DRS.
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Written By: Reuters
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