Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Leonardo S.p.A.    LDO   IT0003856405

LEONARDO S.P.A.

(LDO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Leonardo S p A : Italy's Leonardo to keep control of DRS even if it lists the U.S. unit

11/19/2020 | 12:12pm EST

MILAN, Nov 19 (Reuters) - Leonardo intends to keep control of DRS, the Italian defence group said on Thursday, as it assesses options for the U.S. unit including a listing on the New York Stock Exchange.

Answering a question from Reuters on the potential flotation of DRS, the group said any changes at the unit would take into account the importance of the U.S. market for the group.

"This vision and a possible IPO are not contradictory, as there are different ways to enhance the value of assets, while at the same time maintaining their control and benefiting from the advantages of having a significant footprint in the country...," Leonardo said in the statement to Reuters.

Speaking at an event earlier on Thursday, Leonardo Chief Executive Alessandro Profumo said the group wanted to increase its U.S. presence "in terms of services, products and systems".

The state-controlled group said earlier this month it was considering various options to create value for its shareholders, including the possibility of listing DRS, but said it had not taken any formal decision yet.

Two sources familiar with the matter told Reuters that Leonardo was working with Goldman Sachs on options for DRS, which the Italian company bought in 2008 in a deal valuing the U.S. company at $5.2 billion, including $1.27 billion of debt. (Reporting by Francesca Landini, editing by Giulia Segreti and Mark Potter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LEONARDO S.P.A. 0.68% 5.884 Delayed Quote.-1.05%
THE GOLDMAN SACHS GROUP, INC. -1.66% 295.95 Delayed Quote.14.14%
All news about LEONARDO S.P.A.
01/18LEONARDO S P A : Seaspray AESA Maritime Radar to be Integrated on GA-ASI MQ-9B S..
PU
01/14LEONARDO S P A : SatADSL bridges Brazilian connectivity market with Telespazio B..
AQ
01/14LEONARDO S P A : Iren Mercato chooses Leonardo as its technology partner for ene..
PU
01/13LEONARDO S P A : Aruba and Leonardo working in partnership to provide high perfo..
PU
01/11LEONARDO S P A : and the Carabinieri Corps sign an agreement on the digital trai..
PU
01/11LEONARDO : AW139 will be Colombia's new Presidential helicopter
PU
01/11LEONARDO : AW169 lands contract in the VIP/corporate market in Mexico
PU
01/06UK Signs GBP550 Million Defense Contract with MBDA Consortium
DJ
2020LEONARDO : more and more technology in Drone Contest 2021
PU
2020LEONARDO : AW139 offshore fleet grows further in Northern Europe with new delive..
PU
More news
Financials
Sales 2020 13 484 M 16 348 M 16 348 M
Net income 2020 349 M 423 M 423 M
Net Debt 2020 3 354 M 4 066 M 4 066 M
P/E ratio 2020 9,29x
Yield 2020 2,25%
Capitalization 3 363 M 4 061 M 4 077 M
EV / Sales 2020 0,50x
EV / Sales 2021 0,47x
Nbr of Employees 49 973
Free-Float 69,3%
Chart LEONARDO S.P.A.
Duration : Period :
Leonardo S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LEONARDO S.P.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Average target price 8,25 €
Last Close Price 5,85 €
Spread / Highest target 102%
Spread / Average Target 41,0%
Spread / Lowest Target 0,89%
EPS Revisions
Managers and Directors
NameTitle
Alessandro Profumo Chief Executive Officer & Director
Luciano Carta Chairman
Alessandra Genco Chief Financial Officer & Vice President
Roberto Cingolani Chief Technology & Innovation Officer
Dario Frigerio Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LEONARDO S.P.A.-1.05%4 061
RAYTHEON TECHNOLOGIES CORPORATION-3.23%104 379
LOCKHEED MARTIN CORPORATION-2.17%97 161
NORTHROP GRUMMAN CORPORATION-1.30%50 140
GENERAL DYNAMICS CORPORATION2.92%43 855
L3HARRIS TECHNOLOGIES, INC.-0.23%39 623