ROMA (ITALPRESS) – In the first quarter of 2026, Leonardo’s Orders stood at 9 billion euros, showing an increase of 31% compared to the first three months of 2025 in all business, confirming the consolidated positioning of the Group in the markets in which it operates, with a book-to-bill in the period of approximately 2.0. This is what emerges from the results of the first quarter of 2026 unanimously approved by the Board of Directors of Leonardo, under the chairmanship of Stefano Pontecorvo Il Portafoglio Ordini exceeds the threshold of 56 billion euros, also because of the consolidation of the business IDV, which determines an impact of approximately 5.6 billion euros, ensuring a coverage in terms of production greater than 2,5 years. The revenues, up to 4.4 billion euros, show a widespread and general improvement compared to the first three months of 2025, equal to 10% net of the negative change effect deriving from the translation of the U.S. components, mainly Leonardo DRS in the field of Electric Defense (+7% to actual changes). EBITA, equal to 281 million euros (+33% compared to the comparative period). On the indicator, which is confirmed as a significant increase in all business sectors, in particular affect the performance of the Electrician for Defense, despite the negative impact of the change effect, the Helicopters and the Aeronautics, thanks to the confirmation of the positive trend of the aircraft and the partial recovery of the Aerostructure and the GIE-ATR participant.
The adjusted Net Result, equal to 184 million euros (+60% compared to the comparative period), also appears in increase, benefiting from the trend of the EBITA and the lower net financial charges. The Free Operating Cash Flow (FOCF), negative for 411 million euros, shows an improvement of approximately 29% regarding the performance of the comparative period, negative for 580 million euros, confirming the positive results achieved thanks to the initiatives of strengthening the operating performance and management of the circulating capital. The data shows, however, the usual unsuccessful trend, characterized by cash absorption in the first part of the year. On the Net Indebtedness of the Group, amounting to 3.049 million euros and increasing compared to 31 March 2025 (+43.5%), it affects the paid out for the acquisitions of the business IDV, equal to approximately 1.6 billion euros, the remaining 35% of the company GEM Electronics and 100% of Enterprise Electronics Corporation (EEC) – carried out through the subsidiary Leonardo USF Corporation – partly mitigated by the company.
CINGOLANI “OTTIMI RISULTATI”
“In the first quarter of 2026 we achieved excellent results. All the main economic and financial indicators record significant progress, confirming the effectiveness of the commercial and operational actions implemented by the Group and the integrated technological strategy at the base of the Industrial Plan”. Roberto Cingolani, CEO and CEO of Leonardo, commented on the accounts of the first quarter.
“Moody’s review of ratings, and the outlook, by Standard & Poor’s, represents a further signal on the Group’s financial strength. The finalization of Iveco Group’s business acquisition of Defense is a significant strategic step that strengthens our position in the defence of the Earth, completes the portfolio and consolidates Leonardo’s role as Original Equipment Manufacturer capable of integrating software, hardware and digital services for security and defence”, concludes Cingolani.
– photo IPA Agency –
(ITALPRESS).
