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 Strategies

Leonardo lowers 2020 profit outlook, sees revenue almost stable

share with twitter share with LinkedIn share with facebook
07/30/2020 | 05:47pm EDT

MILAN, July 30 (Reuters) - Italian defence group Leonardo SpA on Thursday lowered its profit outlook for the year but said it sees revenue almost stable with 2019 as it expects military and governmental business to offset coronavirus-related weakness in civil demand.

The Rome-based group issued new full-year guidance which gave a gloomier picture compared with expectations it released in early March which lacked the potential impact of the coronavirus crisis.

It said, however, that revenue would come in at 13.2 billion-14 billion euros, not far from 13.8 billion-euro level in 2019.

New orders are seen in the 12.5 billion-13.5 billion euros range, down from a March's guidance of around 14 billion euros.

Full-year profit, cash flow and debt would be more impacted than sales as a lower level of activity at some of its divisions, slower deliveries and weakness of ATR and space joint-ventures would take their toll on the entire group.

Turboprop maker ATR, which Leonardo co-owns with France-based Airbus, has said it will cut its workforce by around 200 employees this year.

"ATR delivered only one aircraft in the first half and we expect it will continue to be affected by weak demand," Chief Financial Officer Alessandra Genco said.

Leonardo's earnings before interest, tax and amortization (EBITA) are now expected between 900 million and 950 million euros, compared with a March guidance of 1.325 billion-1.357 billion euros.

"Our order backlog of 36 billion euros is mainly governmental and military," Leonardo's CEO, Alessandro Profumo, said during a conference call on first-half results.

Between January and June the group reported a 1.4% fall in revenue, but suffered a 40% drop of its core profit (EBITA), which came in at 292 million euros.

All the divisions, excluding Leonardo's U.S. unit, DRS, reported falling EBITA, with space and ATR joint ventures particularly weak.

The aerostructures division also bore the brunt of a fall in demand for airplane parts coming from Boeing Co and Airbus.

(Reporting by Francesca Landini in Milan Editing by Matthew Lewis)


Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 5.55% 68.03 Real-time Quote.-47.86%
LEONARDO S.P.A. 2.27% 4.766 Delayed Quote.-54.39%
THE BOEING COMPANY -1.01% 167.36 Delayed Quote.-48.10%
share with twitter share with LinkedIn share with facebook
All news about LEONARDO S.P.A.
10/23LEONARDO S P A : The Italian Air Force takes delivery of its most advanced Eurof..
PU
10/23LEONARDO S P A : presents Lionfish®, the new family of naval defence turrets
PU
10/22LEONARDO S P A : Telespazio and Bambino Gesu Children's Hospital test the use of..
AQ
10/21LEONARDO : meeting of the Board of Directors, continuity of company operations i..
PU
10/21LEONARDO S P A : statement
PU
10/20ALESSANDRO PROFUMO : Italy's 5 Star Movement says Leonardo CEO should resign aft..
RE
10/20BANCA MONTE DEI PASCHI DI SIENA S P : Monte dei Paschi mulling higher provision..
RE
10/20LEONARDO S P A : demonstrates helicopter-UAV teaming in the UK with its AW159 Wi..
PU
10/19LEONARDO S P A : joins virtual Euronaval 2020 exhibition to showcase its excelle..
PU
10/15Italian court convicts three former Monte Paschi executives in derivatives tr..
RE
More news
Financials
Sales 2020 13 532 M 16 050 M 16 050 M
Net income 2020 368 M 436 M 436 M
Net Debt 2020 3 195 M 3 789 M 3 789 M
P/E ratio 2020 7,34x
Yield 2020 2,81%
Capitalization 2 740 M 3 244 M 3 250 M
EV / Sales 2020 0,44x
EV / Sales 2021 0,41x
Nbr of Employees 49 733
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
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 8,38 €
Last Close Price 4,77 €
Spread / Highest target 148%
Spread / Average Target 75,8%
Spread / Lowest Target 13,3%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
LEONARDO S.P.A.-54.39%3 244
LOCKHEED MARTIN CORPORATION-3.87%104 731
RAYTHEON TECHNOLOGIES CORPORATION-58.22%94 379
NORTHROP GRUMMAN CORPORATION-10.33%51 420
GENERAL DYNAMICS CORPORATION-20.22%40 279
L3HARRIS TECHNOLOGIES, INC.-13.18%37 142