{"id":12475,"date":"2024-03-13T11:18:37","date_gmt":"2024-03-13T08:18:37","guid":{"rendered":"https:\/\/aviation-news.info\/?p=12475"},"modified":"2024-03-13T11:18:37","modified_gmt":"2024-03-13T08:18:37","slug":"leonardo-chases-growth-in-five-year-business-plan","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=12475","title":{"rendered":"Leonardo Chases Growth in Five-year Business Plan"},"content":{"rendered":"

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\u2019s CEO and general manager, Roberto Cingolani, said revenues are expected to climb from \u20ac16 billion ($17.5 billion) in 2023 to \u20ac21.3 billion in 2028.<\/p>\n

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 \u20ac2.5 billion. Hitting these targets will involve growth in orders from \u20ac18.7 billion to \u20ac22.6 billion, as well as cost savings of \u20ac1.8 billion across the group that will include selling some as-yet-unspecified business units.<\/p>\n

Reporting financial results for 2023, Leonardo said revenues grew by 3.9 percent, to \u20ac15.3 billion, while the value of new orders increased by 3.8 percent, to \u20ac17.9 billion. Earnings improved by 5.9 percent, to \u20ac1.3 billion.<\/p>\n

Revenues at Leonardo\u2019s helicopter division also rose by 3.9 percent, to \u20ac4.7 billion. While orders for rotorcraft last year fell by 9 percent, to 5,513 units, the backlog at year-end 2023 still was 6 percent higher than a year earlier, rising to 14,426 units.<\/p>\n

In the aerostructures division, which includes Leonardo’s ATR regional airliner joint venture with Airbus, revenues increased by 33.9 percent, to \u20ac636 million. The aircraft division, which mainly focuses on Leonardo\u2019s military trainers and stake in the Eurofighter program, saw revenues decline by 4.8 percent, to \u20ac2.9 billion.<\/p>\n

Cingolani said Leonardo is committed to \u201cupgrading\u201d its rotorcraft portfolio while introducing new technology and exploring strategic partnerships. In the civil market, he highlighted the in-development AW09 single-engine helicopter as a priority product, along with the AW609 tiltrotor.<\/p>\n

During the 2024 to 2028 industrial plan, Leonardo aims to boost revenues from helicopters by 5.6 percent, to \u20ac6.2 billion.It is projecting a 2.4 percent increase in helicopter sales, to \u20ac6.2 billion, and 8.4 percent higher division revenues, to \u20ac630 million.<\/p>\n

New civil market segments for the Italian group\u2019s aerostructures division will include its involvement as a strategic partner in Boom\u2019s Overture supersonic airliner and Vertical Aerospace\u2019s VX4 eVTOL. Leonardo is also targeting growth from its role as a supplier for Boeing\u2019s 787 and 777X widebody airliners.<\/p>\n

According to Cingolani, the limitations of current battery technology mean Leonardo sees no potential for pursuing all-electric aircraft programs itself. However, the company is exploring\u00a0hybrid-electric propulsion for a version<\/a>\u00a0of the AW09 helicopter and is also engaged in ATR’s plans for the new\u00a0Evo family\u00a0<\/a>of regional aircraft.<\/p>\n

 <\/p>\n

Source: https:\/\/www.ainonline.com\/aviation-news\/aerospace\/2024-03-12\/leonardo-chases-growth-five-year-business-plan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s CEO and general manager, Roberto Cingolani, said revenues are expected to climb from \u20ac16 billion ($17.5 billion) in 2023 to \u20ac21.3 …<\/p>\n","protected":false},"author":1,"featured_media":12477,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[98,102],"tags":[],"class_list":["post-12475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","category-featured-en"],"yoast_head":"\nLeonardo Chases Growth in Five-year Business Plan - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=12475\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leonardo Chases Growth in Five-year Business Plan\" \/>\n<meta property=\"og:description\" content=\"Leonardo today rolled out ambitious plans to achieve a step change in financial performance across its complex civil and military portfolio. 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