Italy’s Leonardo will improve its guidance on orders, cash and net debt for 2025

ROMA (Reuters) – Leonardo, an Aerospace and Defense Group in Ataly, improved its 2025 orders, free cash flow and net debt guidance after posting “solid” results for the first six months of the year on Wednesday.

“The results for the first half of 2025 confirm the group’s solid industrial momentum, further reduce debt and verify the effectiveness of actions implemented,” CEO Roberto Chingorani said in a statement.

The state-owned enterprise said new year-end orders would range between the previously estimated EUR 21 billion to the EUR 222.5 billion and the EUR 22.755 billion ($25.53-$2.611 billion).

Free cash flow will be between 920 million and 980 million euros by the end of December, rather than the initial forecast of 870 million euros, thanks to excellent operating performance and cash advances associated with new orders.

The group’s net debt is currently expected to be around 1.1 billion euros from the previous euros 1.6 billion euros.

Full-year revenues and core profit guidance have been confirmed.

($1 = 0.8714 Euro)

(Reporting by Giulia Secreti, Editing by Alvise Armellini)