Leonardo reported an adjusted net profit of €812 million for the first nine months of 2026. This is a 74% increase from the same period last year, the company announced on Thursday. Revenues also rose by 14% to €15.3 billion. EBITA grew 38% to €1.3 billion, showing growth across all business sectors.
Key Details
The company achieved a 28% increase in orders, reaching a total of €60.4 billion. This growth was boosted by its recent acquisition of Iveco Defence Vehicles. This is the first time Leonardo's order backlog has surpassed €60 billion. CEO Lorenzo Mariani stated that these results confirm the effectiveness of the company’s commercial strategies. He also highlighted significant growth in all operational areas.
Leonardo's net debt rose to €3.325 billion, a 43.8% increase. This rise is attributed to the €1.6 billion spent on the Iveco acquisition. On a like-for-like basis, excluding the new acquisition, the company noted a 22.4% increase in orders. It also reported a 15.2% rise in the order backlog. In the third quarter alone, net profit climbed from €193 million to €336 million. Revenue increased from €4.5 billion to €5.3 billion.
Background
Mariani emphasized the importance of improving production and delivery capabilities to meet growing demand. He highlighted ongoing projects, including partnerships for the new GCAP fighter aircraft. He also mentioned collaborations with Rheinmetall and Baykar for new vehicles and drones. The strategic focus includes digitalization and targeted mergers and acquisitions to strengthen Leonardo's position in the defense and aerospace sectors.
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The strong order growth and profit increase are likely to boost investor confidence in Leonardo. This is especially true in the defense and aerospace sectors. It could lead to increased stock interest as the company aims to take advantage of its expanding backlog. Watch for further developments in Leonardo's strategic partnerships and upcoming project announcements as they unfold.
Based on reporting by: ansa.it, euronews.com