Technology and alliances. Leonardo’s Road Map is clear and the goal is also: being increasingly competitive on international markets. So growth in all divisions (electronics, helicopters, aircraft, aerostructures, cyber and space) and international agreements. The Board of Directors approved the expected updating of the industrial plan for the period 2025-2029 and raised the bar of financial and strategic objectives for the next few years.
The group now aims at cumulative orders for 118 billion euros and revenues for 106 billion over the planwith an average annual growth of the Abita of 13.1% and a free operating cash flow in progression of 15.2%. The new scenario marks a decisive strengthening of the growth strategy: The group estimates for the period 2025-2029 an average annual increase of orders of 5.8% ( +4% in the previous 2024-28 floor) and 7% revenues (against +6%). It is aimed at a doubling of the dividend for 2025 for 0.52 euros per share compared to 0.28 euros in 2024. Leonardo’s strategy revolves around Three fundamental pillars: rationalization of the wallet, efficiency of products and processes, with a push on digitization and, third, development of new alliances and strategic collaborations.
And with the Starlink issue on the table, the initiatives concerning the space division stand out. Above all, the work is possible with Airbus and Thales to create a European satellite group as an alternative to those of Elon Musk. This would be the reason, according to Bloomberg, of the sudden change of advisor from Bank of America to Deutsche Bank. From the United States, to Europe. Among the international alliances there is also the joint venture with Baykar for the development of without pilot aircraft and the new generation hunting program as part of the GCAP consortium with the United Kingdom and Japan.
The Italian defense and aerospace giant is aiming to create alliances with European companies to overcome the fragmentation of the defense industry. First the joint venture with Rheinmetall for combat vehicles and a few days ago the agreement with the Turkish Baykar for the production of drones in Italy. These drones aim to supply a growing European market, favored by the increase in military spending. Leonardo aims to replicate the strategy of alliances also in heaven and space.
The Board of Directors also approved the balance of the year, with record numbers. The group closed 2024 with the take -off of the profit and the doubling of the dividend: a net profit of 1.159 billion euros, growing 63% compared to 2023, thanks also to a capital gain of 366 million linked to the evaluation of Fair Value of Telespazio.
Piazza Affari today rewarded Leonardo, while waiting to know the update of the plan. Like yesterday, the bag supported the French Eutelsat, who is playing the possible alternative position in Starlink, to replace Musk’s satellites, also benefiting from European funds.
