New orders: Eur20.9 billion, 12.2%from previous year.
order backlog: Eur44 is more than billion.
Income: Eur17.8 billion, increase by more than 11% from previous year.
Ebita: Eur1.52 billion, Eur1.35 billion to 12.9%in 2023.
Return on sale: The 0.1 percentage points increased to 8.6%.
Free operating cash flow: Eur826 million, 26.7%under the guidance of eur770 million.
net debt: Eur2.3 billion reduced to Eur1.8 billion, a decrease of about 22.7%.
Efficiency Savings: Eur191 million, Eur150 million more than a target.
Revenue of helicopters: Eur5.2 billion, up to 11%.
Defense Electronics Revenue: Eur4.8 billion, up to 9.4%.
DRS Revenue: $ 3.2 billion, up to 14%.
Cyber and Safety Solution Revenue: Eur648 million, up to 9%.
Aircraft Revenue: Eur2.9 billion, stable compared to previous year.
Aerostructures revenue: Eur746 million, more than the previous year.
Space Revenue: Eur906 million, with an increase of about 30%.
Release date: February 20, 2025
For complete transcript of earning calls, please see the full income call transcript.
The Leonardo Spa (Finmf) reported a significant increase in new orders, which reached Eur20.9 billion, increased by 12.2% from the previous year.
The company gained adequate revenue growth of 11%, which increased from Eur16 billion to Eur17.8 billion.
Ebita rose 12.9% to Eur1.52 billion, indicating better operating efficiency.
Crossing the guidance of Eur770 million, free operating cash flow rose 26.7% to Eur826 million.
Performing strong financial management, the net loan from Eur2.3 billion to Eur2.3 billion reduced net debt from Eur1.8 billion.
Arostructure Division continues to face challenges due to the Boeing crisis, affecting profitability.
The SATCOM business associated with the space aligned with Thales also experiences difficulties, affecting the overall performance.
Despite the reforms, the distribution rate for the B787 torso is lower than the expectation, affecting the aerostructure division.
The performance of the Space Division was impressed by the challenges in the Telco satellite segment, which led to less abita.
The company faces external challenges in the B787 program and the Space Telco segment, which can affect future performance.
Why: Can you provide more details on the ongoing conversation about aerostructures? Are you considering many partners to diversify from the 787 program? A: Roberto Singolani, CEO: We have identified a potential co-investment involved in aerospace and defense, and the conversation is going on. I cannot disclose more information at this time, but we are committed to finding a solution soon. Regarding 787, we have received a new delivery schedule from Boeing, but the delivery rate is currently less than expected.
