by Robert Crowe
Leonardo, Italy’s most important defence company, started 2025 with a strong and accelerating performance, confirming the solidity and effectiveness of its strategic direction. New orders reached €6.9 billion, marking a 19.7% increase year-over-year, underlining the ongoing reinforcement of the Group’s core businesses.
The order backlog exceeded €46 billion, ensuring more than 2.5 years of production coverage—a key indicator of the company’s long-term business sustainability.
Key financial indicators showed solid growth:
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Revenues reached €4.2 billion, up 13.5% year-over-year;
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EBITDA stood at €211 million, with a 12.2% increase;
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Net ordinary income was €115 million, up 23.7% compared to the same period in 2024.
These figures confirm that Leonardo is fully aligned with the trajectory outlined in its Industrial Plan, demonstrating sustainable and well-structured growth. Financial management also showed tangible progress, with improving cash flow and a further reduction in net debt to €2.1 billion (–27.5%).
In light of the strong first-quarter performance and positive outlook for the remainder of the year, Leonardo has confirmed its full-year 2025 guidance, initially communicated in March.
Roberto Cingolani, CEO and General Manager of Leonardo, commented:
“We are steadily executing our Industrial Plan. The first-quarter results and the recent rating upgrades by Standard & Poor’s and outlook revision by Moody’s further confirm the market’s appreciation of our strategy and prospects.”
Among the key strategic initiatives this quarter, Leonardo:
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Signed a Memorandum of Understanding with Baykar Technologies to co-develop unmanned technologies, aiming to further strengthen its international position in the advanced defense sector;
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Finalized the establishment of Leonardo Rheinmetall Military Vehicles, a joint venture to develop and produce combat military vehicles in Europe;
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Launched a dedicated working group for the Capacity Boost Plan, with development guidelines to be presented by summer.
Cingolani also stated that the joint venture agreement with Baykar is expected to be finalized shortly, likely to be announced at the Paris International Air Show in the coming weeks. Regarding the Aerostructures Division, a strategic industrial partner has been identified, with a partnership agreement expected by July and a final deal by year-end. He also noted that, together with Rheinmetall, Leonardo submitted a non-binding offer for Iveco Defence Vehicles, stressing that the company intends to make an industrial—not financial—investment.
(Associated Medias) – All rights are reserved
L'articolo Leonardo: strong Q1 2025 performance confirms the solid industrial growth path of Italy’s most important defence company proviene da Associated Medias.
(Associated Medias) - All rights reserved