- Order Backlog rises to c. €59 bln (+30% YoY), also as a result of the consolidation of the IDV business (1)
- Growth in new Orders confirms the Group's consolidated positioning in the markets in which it operates with a book-to-bill ratio 1.6x
- Revenues and EBITA growth across all business sectors
- Net Result Adjusted € 476 mil (+74% YoY)
- Free Operating Cash Flow (FOCF) shows steady improvement, demonstrating the effectiveness of the actions undertaken
- Group Net Debt at € 3.2 bln (+49% YoY), affected by the acquisition of the IDV business
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Leonardo's Board of Directors, convened yesterday under the Chairmanship of Francesco Macrì, examined and unanimously approved the results for the first half 2026.
"Leonardo's first-half 2026 results," said Lorenzo Mariani, Chief Executive Officer and General Manager of Leonardo, "confirm that we are delivering across all the key pillars of our Industrial Plan. Growth in our order backlog, revenues and operating profitability, together with stronger cash generation, demonstrates the Group's ability to execute programmes, increase production capacity and respond effectively to an evolving market environment. On the strength of these results, we have upgraded our 2026 Guidance, setting new targets for Orders, FOCF and EBITA, with a ROS at 10.0%."
"Our focus now", Mariani added, "is to build on this momentum and ensure consistent execution of the Industrial Plan by further strengthening our industrial capabilities, enhancing the resilience of our supply chain, investing in the critical technologies required to address rapidly evolving market needs, including through further M&A operations, and expanding the strategic partnerships that support the Group's long-term growth".
(1) Leonardo finalised the acquisition of Iveco Group's Defence business (IDV Group) on 18 March 2026. The transaction, with a consideration of approximately €1.6 billion, was financed through own resources, and the IDV business was fully consolidated in Leonardo Group's statement of financial position as at the date of the acquisition.