Italian defense group Leonardo has reported 2025 financial results that surpassed its guidance, with key indicators showing significant growth and a substantial reduction in debt.
New orders increased by 14.5% year-on-year to €23.8 billion, exceeding a forecasted range of €22.25-€22.75 billion, driven by a notable contract in the aeronautics sector. Core profit saw a rise of over 18% compared to 2024, reaching €1.75 billion, which was above the expected €1.66 billion, attributed to higher volumes and improved profitability.
The group's net debt was reduced by 44% to €1 billion from €1.8 billion the previous year, largely due to the sale of its UAS underwater business. CEO Roberto Cingolani described the performance as the culmination of a three-year value-accretion plan.
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