March 13, 2019 / 5:02 PM / 13 days ago

Leonardo positive on 2019 revenue after FY sales rise above guidance

MILAN, March 13 (Reuters) - Italian defence group Leonardo said revenue would grow to between 12.5- 13 billion euros ($14.13-14.70 billion) this year after it rose above its guidance in 2018 driven by helicopters, electronics and defence and security systems.

Last year sales were up 5 percent at constant exchange rates to 12.4 billion euros, above a 11.5-12.0 billion euro forecast the company released last year.

“We continue to be confident in being able to achieve business plan targets,” Chief Executive Alessandro Profumo said in a statement, adding the group aimed at reaching a double-digit profitability and a strong cash generation from 2020. ($1 = 0.8846 euros) (Reporting by Francesca Landini)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below