Italy's Leonardo on track to hit guidance as order book bulges
ROME, Nov 7 (Reuters) -Italy's Leonardo LDOF.MI on Thursday confirmed its 2024 guidance after posting orders, revenues and core profits all on the rise for the first nine months of the year.
"The economic-financial performance of the period, together with the development of the business and the strengthening of the financial indicators... is all confirming the validity of the path undertaken," Chief Executive Roberto Cingolani said in a statement.
New orders were up 7.8% on a pro-forma basis - taking into account the consolidation of the Telespazio joint venture - compared to the same period last year, pushed by the electronics and security business.
The group's order backlog reached a record level of more than 43 billion euros ($46.5 billion), ensuring a coverage in terms of production for over 2.5 years.
($1 = 0.9249 euros)
Reporting by Giulia Segreti
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