Leonardo's strong Q1 justifies potential 2026 outlook upgrade
Updated
Updated · The Wall Street Journal · May 6
Leonardo's strong Q1 justifies potential 2026 outlook upgrade
10 articles · Updated · The Wall Street Journal · May 6
Orders rose 30.7% to 9 billion euros and revenue 6.9% to 4.45 billion euros, while outgoing CEO Roberto Cingolani left any guidance change to likely successor Lorenzo Mariani.
Leonardo still backed its 2026 targets of about 25 billion euros in orders, 21 billion euros in revenue and 2.03 billion euros in adjusted EBIT, despite beating analyst expectations.
Shareholders appoint a new board on Thursday amid investor opposition to Cingolani's replacement; shares rose 4.8%, backlog reached 57 billion euros and Europe rearmament continues to support demand.
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