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

LEONARDO S.P.A.

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Leonardo S p A : to be Cortina 2021 Alpine World Ski Championships technology partner

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09/10/2020 | 09:20am EDT

Rome 10 September 2020 13:29

  • Leonardo will once again help to ensure the safety and smooth running of a major sporting event, which will see over 600 athletes from 70 countries
  • The company has a successful track record in securing international events, ranging from Italy's Milan Expo 2015 to multiple editions of the Winter Olympic Games and inter-governmental events such as G7 and G8 summits
  • Alessandro Profumo, CEO of Leonardo: 'Advanced technology will unite with sporting excellence at this important event. Leonardo's solutions will contribute to the safe delivery of Cortina 2021, ensuring the highest level of protection while also improving the quality of the experience for athletes, fans and the local community. The event will be a global showcase, highlighting Italy's resilience in the face of crisis and stimulating future projects that will see the country increasingly united, confident and focused on the future'

Leonardo has announced its selection as the Technical Partner of the Cortina 2021 FIS Alpine World Ski Championships, to be held in Cortina d'Ampezzo, Belluno in February 2021. The partnership agreement, signed with Fondazione Cortina 2021, reinforces Leonardo's position as a market leader in the provision of security technology and expertise for major events.

Leonardo, a world leader in security, aerospace and defence, will provide a comprehensive package including video surveillance and advanced video analysis for all Cortina 2021 venues, which will deliver data collection, analysis and classification in real time. Secure and reliable radio communications systems will also be provided, ensuring the effective coordination of security activities and emergency response plans. The project will also include the provision of training, operational support and technical assistance.

'Cortina 2021 and Leonardo share a culture of integrity underpinned by innovation and sustainability. These are the foundations on which we build shared value, while protecting the social, environmental and economic interests of the communities with which we work', said Alessandro Profumo, Leonardo Chief Executive Officer. 'Advanced technology will unite with sporting excellence at this important event. Leonardo's solutions will contribute to the safe delivery of Cortina 2021, ensuring the highest level of protection while also improving the quality of the experience for athletes, fans and the local community. The event will be a global showcase, highlighting Italy's resilience in the face of crisis and stimulating future projects that will see the country increasingly united, confident and focused on the future.'

Valerio Giacobbi, CEO of Fondazione Cortina 2021 said 'Leonardo is the ideal partner to help us effectively organize this great upcoming event. We chose the company for its ability to dependably provide protection that meets our very high standards. By working with Leonardo we will be able to achieve an important goal, to deliver a unique event where high-tech security will play a central role.'

Leonardo has previously served as technology partner for a number of other major events, providing security at the 2017 G7 summit in Taormina, the 2015 Milan Expo, the 2009 G8 summit in L'Aquila, and for large-scale sporting occasions including the 2018 and 2014 Commonwealth Games, 2014 Olympic Winter Games in Sochi, 2013 World Cycling Championship and 2006 Olympic Winter Games in Turin.

Disclaimer

Leonardo S.p.A. published this content on 10 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2020 12:19:09 UTC


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Financials
Sales 2020 13 530 M 15 888 M 15 888 M
Net income 2020 368 M 432 M 432 M
Net Debt 2020 3 179 M 3 733 M 3 733 M
P/E ratio 2020 6,82x
Yield 2020 3,02%
Capitalization 2 546 M 3 012 M 2 989 M
EV / Sales 2020 0,42x
EV / Sales 2021 0,38x
Nbr of Employees 49 733
Free-Float 69,3%
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 8,27 €
Last Close Price 4,43 €
Spread / Highest target 167%
Spread / Average Target 86,9%
Spread / Lowest Target 22,0%
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Managers
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
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