Half Year 2025 Leonardo SpA Earnings Call Transcript

Jul 30, 2025 / 03:30 PM GMT

Release Date Price: $27.25 (-1.70%)

Transcript

Key Points

Positve

Orders increased by 9.7% year-over-year, reaching 11.2 billion.
Revenues grew by 12.9%, amounting to 8.9 billion for the semester.
Free operating cash flow increased by 19%, indicating improved financial health.
Net debt improved by 27%, showcasing effective debt management.
The company has launched three joint ventures that are now fully operational, contributing to organic growth.

Negative

The impact of new tariffs remains uncertain, with potential indirect effects yet to be fully assessed.
Despite positive financial metrics, there is a delay in the immediate effect on revenues and EBITDA, expected to show in 2026.
The company faces challenges in scaling up capacity and efficiency to meet anticipated demand growth.
The geopolitical landscape and defense budget increases require significant adaptation and strategic planning.
There is ongoing uncertainty regarding the application of tariffs on specific products, such as helicopters, which could affect future operations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LDOF.MI - Leonardo SpA
Half Year 2025 Leonardo SpA Earnings Call
Jul 30, 2025 / 03:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon everyone and welcome to our 2025 half year results presentation.

I'm Alexandrajenko, CFO of Leonardo.

Today our CEO Roberto Cingolani, we will update you on the highlights of the first half of this year as well as the strategic progress that we have made.

I will then take you through the first half of 2025 results and performance across the group and guidance for the full year.

We will then welcome your question.

The supporting slide presentation is available for download by registering to the webcast, and all the first half results materials are available on our website under the Investor relations section.

Please note that throughout the presentation, we will be making

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