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Leonardo Validates Assistance After Increase in Q1 Orders, Core Profits|Investing News


May 5, 2022
tagreuters.com2022newsml LYNXNPEI440TF12022 05 05T155829Z 1 LYNXNPEI440TF RTROPTP 3 LEONARDO RESULTS

ROME (Reuters) – Italy’s aerospace and defence group Leonardo stated it validated its 2022 assistance after publishing an increase in orders and core revenues in the very first 3 months of the year.

Orders from January to March were up 10.8% year-on-year to 3.8 billion euros and profits prior to interest, taxes and amortisation (EBITA) were up by 39% in the very same duration to 132 million euros ($ 139 million).

” The very first quarter of 2022 revealed an excellent start to the year and results meaningful with Leonardo’s development course, which had actually currently rebooted in the previous fiscal year,” President Alessandro Profumo stated in a declaration.

He included the state-controlled group was “well-positioned” in the markets where big boosts in military budget plans are anticipated.

( Reporting by Giulia Segreti; modifying by Francesca Landini)

Copyright 2022 Thomson Reuters

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