Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Italy's Leonardo confirms FY guidance on the back of higher profits, orders

Published 28/07/2022, 16:57
Updated 28/07/2022, 17:16
© Reuters. FILE PHOTO: Leonardo logo is seen during celebrations for the 500th Eurofighter Typhoon produced by the European consortium at Caselle airport in Turin, Italy, April 11, 2017.  REUTERS/Stefano Rellandini

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.