Leonardo released its Q3 results showing a decrease in sales by 13% yoy to €2,621m in Q3, continuing the negative trend initiated at the beginning of the year (-10.7% ytd to €8,034m). At the same time, the EBITDA decreased by 6.7% yoy to €407m in Q3 but increased by 1.6% ytd to €1,193m, leading to an increase in the EBITDA margin from 13% to 14.8% ytd. The decrease in revenues was observed in all four divisions in Q3: Helicopters (-21.9%), Electronics, Defence & Securi
07 Nov 2016
Stable top-line, improving margins, brighter outlook
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Stable top-line, improving margins, brighter outlook
Leonardo released its Q3 results showing a decrease in sales by 13% yoy to €2,621m in Q3, continuing the negative trend initiated at the beginning of the year (-10.7% ytd to €8,034m). At the same time, the EBITDA decreased by 6.7% yoy to €407m in Q3 but increased by 1.6% ytd to €1,193m, leading to an increase in the EBITDA margin from 13% to 14.8% ytd. The decrease in revenues was observed in all four divisions in Q3: Helicopters (-21.9%), Electronics, Defence & Securi