In line with challenges Leonardo Group faces, 2025 expectations confirm the sustainable growth path initiated in the 2024-2028 Industrial Plan, with the gradual strengthening of its competitive positioning in both domestic and international markets supported by increased profitability and cash generation.
Based on the current assessments of the impacts of the geopolitical situation also on supply chain, inflationary levels and the global economy, subject to any further significant effects, Leonardo expects for 2025:
- Level of new orders at around €21 billion, in line with the good performance recorded in 2024. For 2025, further strengthening of the "core business" is expected, driven by the growth of orders in Defence and Security Electronics and Helicopters and on proprietary Aircraft platforms, confirming the commercial successes and good positioning of the Group's products, technologies and solutions and the ability to effectively cover key markets
- Revenues of ca. € 18.6 billion, up compared to 2024 thanks to the contribution of activities already in the order backlog, which in 2024 reached a record value of approximately €44 billion, also thanks to the gradual overcoming of the difficulties encountered in the supply chain as well as new orders
- Increasing profitability, with EBITA of ca. € 1,660 million, supported by volume growth and the confirmation of strong levels of industrial profitability in the main business areas. The forecast also reflects the impact and progressive recovery of the Aerostructures business following the increase in deliveries requested by Boeing
- FOCF of ca. € 870 million, with the defense and government business providing solid cash generation and more than offsetting the gradually improving cash absorption in Aerostructures
- Group Net Debt of ca. € 1.6 billion decreasing thanks to the increase in cash generation, proceeds from the sale of the UAS business, and after the payment of dividends of €0.52 per share, M&A transaction of ca. €500 million, DRS shareholders remuneration, new leasing contracts and other minor movements