Leonardo Targets Revenue and Profit Expansion Amid Booming Defense Orders

Deep News03-12

Leonardo, the Italian defense group, announced that it expects continued growth in defense orders against the backdrop of European rearmament. The company plans to increase both revenue and profit this year and by 2030.

On Thursday, the company projected revenue of approximately €21 billion ($24.29 billion) for the year, with adjusted EBITA expected to reach around €2.03 billion. In comparison, Leonardo reported revenue of €19.5 billion and adjusted EBITA of €1.75 billion last year.

The company also indicated that its order backlog is anticipated to grow from €23.8 billion in 2025 to roughly €25 billion.

Leonardo outlined its medium-term targets: by 2030, it aims to achieve an order backlog of €32 billion, revenue of €30 billion, and adjusted EBITA of €3.59 billion.

CEO Roberto Cingolani stated, "We now cover platforms across land, air, sea, and space, and are making significant investments in digital technology, artificial intelligence, and cybersecurity."

The company said it will invest in its operations to support growth, strengthen core businesses, pursue external opportunities in strategic growth areas, and enhance returns to shareholders.

Leonardo announced a dividend per share of €0.63, representing a 21% year-over-year increase.

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