Leonardo: the stock collapses after the publication of the quarterly report
Despite no financial analyst advises to "sell"
From the quarterly report presented yesterday by Leonardo, margins have emerged lower than expected, especially for what concerns the Ebita from 694 million Euro to the current 632 million in the first nine months of the year, a decrease of 8.9% . The Italian aerospace and defense company has underlined how this was due to the downturn in the results of Gie/ATR which made fewer deliveries, as well as to the Helicopters division which last year had a particularly positive second quarter.
The discrepancy with respect to the forecasts on the Ebita was one of the reasons for the collapse of the title of Leonardo in Piazza Affari which has come to lose more than 8%, fall below the threshold of 9 euros per share and then go up again -at 15:00 was 6.94% and € 9.04 per share. However, today's decline was not due to financial analysts who advised to sell, because as reported "Bloomberg" 12 of these advise to buy and 7 to sell with the average price imagined at 12 months on 12.02 Euro.
The value of Leonardo's shares would therefore be destined to rise in the coming months, partly because the "part" of the company led by CEO Alessandro Profumo has confirmed the objectives for the year 2018 with regard to revenues, orders, the net debt and the Ebita, above all thanks to the recent commercial successes obtained by the Group in Qatar, USA and China.
AVIONEWS - World Aeronautical Press Agency