Leonardo SpA Az nom Post raggruppamento

LDO: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Leonardo Earnings: Strong Performance Despite Headwinds From Boeing Deliveries and Space Telecom

Loredana Muharremi

Feb 21, 2025

Narrow-moat Leonardo delivered a strong 2024 performance with record orders and a book/bill ratio of 1.2 times, ensuring solid revenue visibility. Revenue grew 11% to EUR 17.8 billion with EBIT margin improving to 8.6%. Despite external challenges, including Boeing 787 delays and headwinds in the space telecom business, strong execution in its defense electronics, helicopter, and cyber businesses helped drive growth.

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Leonardo SpA Az nom Post raggruppamento

Leonardo Earnings: Strong Performance Despite Headwinds From Boeing Deliveries and Space Telecom

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