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HomeMarketItaly's Leonardo raises FY orders guidance after strong nine months By Reuters

Italy’s Leonardo raises FY orders guidance after strong nine months By Reuters

© Reuters. FILE PHOTO: The logo of defence group Leonardo in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse
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ROME (Reuters) – Italy’s state-controlled defence group Leonardo on Thursday raised its full-year guidance after reporting a sizeable jump in orders for the January-September period.

In the first nine-months of the year, new orders rose by 26.8% year-on-year to 11.719 billion euros ($11.42 billion), while earnings before interest, taxes and amortisation (EBITA) were up 2.7% to 619 million euros.

Leonardo upped its guidance for orders in the full year to more than 16 billion euros, against a previous estimate of around 15 billion euros.

($1 = 1.0262 euros)

Story Credit: investing.com

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