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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Leonardo    LDO   IT0003856405

LEONARDO

(LDO)
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Leonardo: approved the merger by incorporation of Sistemi Dinamici into Leonardo

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09/27/2019 | 07:23am EST

Rome 27 September 2019 12:27

The Board of Directors of Leonardo, which met on September 26, 2019, approved - in place of the Shareholders' Meeting, pursuant to art. 2505, paragraph 2 of the Civil Code and art. 24.1 of the Bylaws - the merger by incorporation of Sistemi Dinamici S.p.A. into the Company.

Today the operation (already disclosed to the market with press release dated 27 June 2019) was also approved by the Sistemi Dinamici Extraordinary Shareholders' Meeting. Following the statutory deadlines, it will then proceed to the signing of the merger deed, with effect - also for accounting and tax purposes - starting from 1st January 2020.

As previously communicated, the merged company is directly and wholly owned by Leonardo and the merger, which is part of the overall 'One Company' project aimed to achieve the strategic and corporate optimization of some assets included in the A,D&S core business, represents the completion of the integration process started in 2016 with the Leonardo's acquisition of the entire capital of Sistemi Dinamici.

The minutes of the resolution adopted today by the Leonardo's Board of Directors will be made available to the public in accordance with terms and provisions of law. Reference is also made to the Merger Plan and to further documentation already available on the Company's website (www.leonardocompany.com, Corporate Governance section/ Extraordinary Operations).

Disclaimer

Leonardo S.p.A. published this content on 27 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2019 11:22:03 UTC

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Financials (EUR)
Sales 2019 13 009 M
EBIT 2019 1 182 M
Net income 2019 616 M
Debt 2019 2 694 M
Yield 2019 1,35%
P/E ratio 2019 10,4x
P/E ratio 2020 9,07x
EV / Sales2019 0,71x
EV / Sales2020 0,65x
Capitalization 6 536 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 13,11  €
Last Close Price 11,37  €
Spread / Highest target 36,3%
Spread / Average Target 15,3%
Spread / Lowest Target -3,25%
EPS Revisions
Managers
NameTitle
Alessandro Profumo Chief Executive Officer & Director
Giovanni de Gennaro Chairman
Alessandra Genco Chief Financial Officer & Vice President
Luciano Marcocci Chief Technology Officer
Paolo Cantarella Lead Independent Non-Executive Director
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