Leonardo hits record high on strong 2026-2030 guidance

Iveco NV

12/03/2026 09:02

** Leonardo shares LDOF.MI surge around 9% to record high after Italian defence group's FY25 results, 2030 plan update

** EBITA guidance raised to 2.03 bln euros ($2.35 bln) in 2026, 3.59 bln euros by 2030 - "meaningfully above consensus" - brokerage J.P.Morgan

** Guidance excludes Iveco Defence Vehicles acquisition

** Brokerage expects European defence sector to perform strongly in 2026 amid geopolitical tensions

** "FY26 guidance is in line with our estimates, while FY30 targets are around 7% better if considering a comparable perimeter" - brokerage Banca Akros

** Brokerage Equita notes plan upgrade bullish towards 2030, driven by Michelangelo Dome defence system expected to generate about 6 bln euros in 2026-30

($1 = 0.8657 euros)

(Reporting by Mirko Miorelli)

((Mirko.miorelli@thomsonreuters.com))