The Board of Directors of Leonardo, under the chairmanship of Stefano Pontecorvo, unanimously approved the update of the Industrial Plan for the period 2025-2029. The company presents today to the financial community the update of the Industrial Plan for 2029, announced in March 2024, including medium-term targets.

The highlights are:

The evolution of financial KPIs forecasts, by 2029 (including the upside from new initiatives),orders at €26.2 billion (compared to €20.9 billion in 2024); revenues at €24 billion (compared to€17.8 billion in 2024); EBITA at €2.8 billion (compared to €1.5 billion in 2024); and FOCF at €1.53billion (compared to €0.83 billion in 2024).

In the period 2025-2029, cumulative orders are expected to reach €118 billion (CAGR 2023-2029+5.8%); cumulative revenues are expected to reach €106 billion (CAGR 2023-2029 +7%).

In the period, EBITA is expected to grow with a CAGR of 13.1% from 2023 to 2029; FOCF isexpected to grow with a CAGR of 15.2% from 2023 to 2029.

A strong push towards the development of multidomain-interoperability technologies enabledby the digital continuum.

International alliances will be a key element in accelerating Leonardo's competitiveness inglobal markets (inorganic growth), complementing efforts to rationalize the product portfolio,streamline operations, and drive digitalization (organic growth).

A major STEM recruitment campaign will support technological development and thecompany’s long-term competitiveness.

Disciplined capital allocation strategy to support growth and shareholder returns.Proposed dividend of € 0.52 per share in 2025 (€ 0.28 in 2024).

See for details AVIONEWS. 

The integral version of the report (eight pages, with tables) is attached to this AVIONEWS.