FINMF News and Press, Leonardo SpA From 07/28/23

2023-07-28 22:46:08 ET Leonardo S.p.a. (FINMF) Q2 2023 Earnings Conference Call July 28, 2023, 12:30 PM ET Company Participants Valeria Ricciotti - Head, IR Roberto Cingolani - CEO Alessandra Genco - CFO Conference Call Participants Alessandro Pozzi -...

2023-07-28 15:18:20 ET Leonardo ( OTCPK:FINMF ) ( OTCPK:FINMY ), Italy’s state-run aerospace and defense company, said revenue rose during the first half of the year, another sign of rising demand for as the war in Ukraine enters its 16 th month. Revenues rose 4.8% fr...

2023-06-07 10:52:06 ET Summary Since November 2022, Leonardo DRS gained 45% while its mother company was only up by 32%. Leonardo DRS is gaining support thanks to the Biden administration's 2024 defense budget. Positive news on Leonardo's core business also supports our buy ra...

2023-05-06 21:16:07 ET Summary Supportive order intake in the quarter and 2023 guidance confirmed. Free cash flow evolution compensates for worse profitability. Moody's raised its rating and we wait for an investment grade upgrade from S&P. Our buy rating is then confirmed...

2023-04-18 12:25:43 ET Summary 2023 guidance was below expectations. Leonardo DRS will supply integrated electric propulsion components for the next generation of US Navy submarines. Here at the Lab, we believe that the main value is on DRS's main shareholder. We confirm our e...

2023-04-17 21:31:41 ET Summary Agreement with Cisco for technology activities and cybersecurity. New contract with the Spanish Government, a higher defense budget from Italy, and Italian second-hand Typhoon jets disposal to Poland are positive catalysts for Leonardo. There is ...

2023-03-13 12:06:03 ET Leonardo S.p.a. (FINMF) Q4 2022 Results Conference Call March 10, 2023 03:00 AM ET Company Participants Valeria Ricciotti - Head, IR Alessandro Profumo - CFO Valerio Cioffi - Group General Manager Alessandra Genco - CFO Conference...

2023-03-10 23:21:25 ET Summary Leonardo's 2022 profits grew by 58%; however, the dividend remains at €0.14 per share. Solid order book that represents a production capacity for the next 2.5 years. Lower debt, higher FCF generation, and still at the bottom quartile in pe...

Summary Leonardo won a contract in Canada worth almost €700 million to modernize and expand (to 16) the country's helicopter fleet. With Boeing's latest business plan, Leonardo's aerostructures division will be back to growth. Leonardo is still very much discounted compared t...

Great results that show a path for future earnings growth. Cybersecurity is the next theme in Leonardo's domain. With Oto Melara's expectations, we value the company between €500/600 million. For further details see: Leonardo: Back To Profitable Growth