Leonardo shares and record quarterly: what impact on prices?

Among the listed companies to keep an eye on when trading opens on Piazza Affari is Leonardo. The defense giant published i quarterly accounts last night after the close of trading and therefore the evaluation by traders can only be there today. The expectations on Leonardo quarterly they were decidedly positive and, all things considered, the stock did not disappoint market estimates.

Precisely for this reason the view in view of the opening of Ferrari’s trading is marked by optimism even if we must not overlook the fact that Leonardo’s prices have grown a lot to date. As can be seen from the graph below, in fact, the defense giant has appreciated by over 40 percent since the beginning of the year and by over 105 percent on an annual basis.

Record numbers which could have been even better if the listed company had not had to deal with physiological profit-taking in the last month. On a monthly basis, in fact, the stock depreciated by approximately 9 percent and this slight retracement, natural in light of the stock’s trend in the last month, could be used as a springboard following the release of the quarterly accounts.

Is the Leonardo quarterly as an assist for the restart of shares?

To answer this question the only thing to do is take a look at the individual items of the results as of March 31, 2024.

Leonardo quarterly in detail

Leonardo closed the first quarter of 2024 with an increase in revenues and profitability so significant as to allow the management of the listed company to confirm the estimates for the current financial year. More specifically i revenues of the listed amounted to 3.66 billion euros with a progression of 20.8 percent compared to the 3.03 billion achieved in the first three months of the previous year. By separating the item, it can be seen how the turnover recorded an increase in all business areas and in particular in Defense and Security Electronics and Helicopters sector.

The Operating income of Leonardo rose from 105 million to 182 million euros, highlighting a positive trend of 73.3 percent thanks above all to the performance of the Defense and Security Electronics and Helicopters sectors. The performance of the Aerostructures was also excellent, showing a lower loss compared to the comparative data. In light of the Ebitda data, the margin rose to 5 percent.

To finish, Leonardo’s first quarter of 2024 closed with a Net income equal to 447 million euros compared to just 36 million euros that were accounted for in the first three months of 2023.

As regards the debt, at the end of March theLeonardo’s net debt it stood at 2.93 billion euros with a cash absorption of 621 million euros.

Always on the same date order book of the defense giant was equal to 43.15 billion euros. This is an amount that ensures coverage in terms of production equal to 2.5 years. Only in the quarter in question did Leonardo acquire orders for 5.75 billion, thanks to the important contribution of Defense and Security Electronics.

The transition to the war economy requested by many European governments at Leonardo is already showing its fruits.

Forecasts for financial year 2024 confirmed by Leonardo

In light of the accounts for the first quarter of 2024, Leonardo’s top management has decided to confirm the financial estimates for the 2024 financial year. In detail, the group expects to close the year with revenues of approximately 16.8 billion euros and with a marked increase in profitability. In particular, the Ebitda of the listed company should be at approximately 1.44 billion euros, while, on the debt side, net debt is expected to contract to 2 billion euros. THE new orders Leonardo’s total at the end of 2024 should be around 19.5 billion euros.

The forecasts for Leonardo’s 2024 financial year they are therefore very solid and this could give greater visibility to the title. For those who want buy Leonardo shares this is a very powerful catalyst. We remind you that there are two ways to invest in shares: with direct purchase and with CFDs. Brokers like eToro and banks with trading platforms like Fineco allow you to operate in both modes:

• eToro: you can buy real Leonardo shares and at the same time make upward and downward trading through stock CFDs operating with leverage. eToro offers copy trading to copy the strategies of the best traders.

• Fineco: allows you to buy real shares but also trade with CFDs and super CFDs. Among the recent innovations is the launch of the new trading-only account without fixed costs. Fineco’s trading platform is the NR 1 among those of Italian banks.

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