
Leonardo today rolled out ambitious plans to achieve a step change in financial performance across its complex civil and military portfolio. Briefing financial analysts and reporters in Rome, the Italian aerospace and defense group’s CEO and general manager, Roberto Cingolani, said revenues are expected to climb from €16 billion ($17.5 billion) in 2023 to €21.3 billion in 2028.
Through a process of transformation that will involve rationalization of existing core businesses, including helicopter manufacturing and aerostructures, and heavy investments in digital technology, Leonardo intends to almost double its annual earnings before interest and taxes (EBITA) to €2.5 billion. Hitting these targets will involve growth in orders from €18.7 billion to €22.6 billion, as well as cost savings of €1.8 billion across the group that will include selling some as-yet-unspecified business units.