Leonardo Outlines Growth Path, Proposes €0.63 Dividend

Leonardo Projects Strong Growth and Shareholder Returns

Italian defence group Leonardo has announced a positive financial outlook, projecting significant growth in orders, revenues, and core profits. The state-controlled company also proposed a dividend of 0.63 euros per share based on last year's results, signaling confidence in its future performance.

Financial Projections and Outlook

In a statement, the Rome-based company confirmed it is positioned on a "path of strong growth." Leonardo forecasts that revenues will rise to 21 billion euros from 19.5 billion euros last year. Furthermore, Earnings Before Interest, Taxes, and Amortization (EBITA) are expected to increase to 2.03 billion euros by the end of the current year.

Order Intake and Long-Term Targets

The group anticipates a robust increase in its order book, with projections reaching approximately 25 billion euros, up from a baseline of 23.8 billion euros in 2025. This strong order pipeline is a key component of the company's strategy to enhance profitability and improve cash generation over the long term.

Summary

Leonardo's forward-looking statements reflect a strong belief in its operational strategy and market position. The combination of projected growth across key financial metrics and a proposed dividend underscores the company's focus on delivering value to its shareholders while expanding its business activities.

FAQ

Q: What dividend did Leonardo propose?

A: Leonardo proposed a dividend of 0.63 euros per share based on the results from the previous year.

Q: What are Leonardo's revenue projections?

A: The company expects revenues to increase to 21 billion euros, up from 19.5 billion euros recorded last year.

Q: What is the forecast for Leonardo's core profit?

A: Earnings Before Interest, Taxes, and Amortization (EBITA) are projected to reach 2.03 billion euros by the end of the year.

Source: Investing.com