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Posted by
Two Blokes May 17 -
Filed in
Stock
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2 views
Q1 FCF was negative, but there has been an improvement on a yearly basis. This is supported by sales growth in the underlying core business. Fiscal Year 2025 and medium-term guidance confirmed. Leonardo reached a record high order backlog. Our estimates do not capture Leonardo's potential tailwinds, and the company is still priced below its peers. Our buy is then confirmed.
