Orders in the analyzed period amounted to 20.9 billion EUR, representing an increase of 16.8% compared to the result in 2023. The order backlog ensures production for 2.5 years and exceeded the threshold of 44 billion EUR compared to 39.529 billion EUR in 2023.
Illustrative photo: Leonardo
Leonardo Group’s revenues increased by 16.2% to 17.8 billion EUR, marking an 11.1% rise compared to the pro forma result for 2023. The increase in EBITA to 1.525 billion EUR reflects a continuous improvement in this indicator, rising by 12.9% in 2024 compared to the 2023 pro forma figure.
Research and development (R&D) expenditures reached 2.49 billion EUR, accounting for approximately 14% of revenues, representing a 13.1% increase compared to 2023. Despite business growth and expansion, emission intensity was further reduced by up to 18.3%. Net debt decreased by 22.7% to 1.795 billion EUR, compared to 2.322 billion EUR in 2023.
The update of Leonardo Group’s industrial plan will be presented on March 11 of this year.
Roberto Cingolani, CEO and General Manager of Leonardo said:
“The 2024 preliminary results demonstrates the economic, financial, and industrial strength of Leonardo, with a medium-term development outlook aligned with the objectives outlined in the Industrial Plan. In 2024, we experienced significant volume growth alongside improved EBITA. The strong performance of the Defense and Security segment, coupled with acceleration of the savings plan, offset the impact of external factors in the Aerostructures and Space manufacturing segments. The improvement in Free Operating Cash Flow enables us to reduce the Group’s net debt, while paying a doubled dividend. All of this, enables Leonardo to increasingly play a leading role in the global Aerospace, Defense, and Security industry, with a growing ability to catalyze new alliances and establish a presence in strategically significant global programs. The past year has also been significant in our progress in the field of sustainability. Leonardo is increasingly proving itself to be a company capable of attracting young talent, being inclusive, driving innovation, and improving its environmental impact. This is a substantial commitment that involves the entire company and its partners.”
🔴#LDO_PR The Board of Directors of #Leonardo reviewed 2024 preliminary results that are above or in line with 2024 Guidance. https://t.co/I0phjDfHDj #LDO_IR pic.twitter.com/fN2ElsMDXB
— Leonardo (@Leonardo_live) February 20, 2025
https://twitter.com/Leonardo_live/status/1892630611434569781