Leonardo Spa Ord (FINMF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to our Q1 2025 results presentation. I'm Valeria Ricciotti, Head of Investor Relations and Credit Trading Agencies. Today, our CEO, Roberto Cingolani, will update you on the progress that we have made during the first quarter of this year and how we are positioned looking forward. Then our CFO, Alessandra Genco, will take you through the Q1 2025 results and performance across the group. We will then welcome your question. The call is planned to last no longer than one hour, including the Q&A. The supporting slide presentation is available for download by registering to the webcast. And all the Q&A results material are available on our website under the Investor Relations section. Please note that throughout the presentation, we will be making forward-looking statements, so I invite you to refer to our safe harbor statement, which applies to this call as well. Now, I will hand you over to our CEO, Roberto Cingolani. Thank you, Valeria. Hello, everybody. Ladies and gentlemen, thank you for participating in this quarter one presentation. Let me start with the numbers. First of all, despite it's only one month and a half that we met for the update of the plan, we have remarkable news. And I think the start of the year is particularly good. as you can see in the table we got comparing the first quarter 25 to the first quarter 24 a remarkable increase of all the kpis orders are increasing by more than 20 percent of course it is comparing the first quarter 24 excluding the submarine activity that was sold as you remember last year so it's a homogeneous comparison We have plus 20.6% new orders and revenues are correspondingly growing by almost 15%. We're just accumulating $4.2 billion in this first quarter of 2025. EBITDA is also growing...