(Il Sole 24 Ore Radiocor) - Milano, 6 mag - The Italian defence and aerospace group Leonardo said its adjusted net profit reached 184 million euros in the first quarter of 2026, up by 60% compared to the year earlier.

EBITA increased by 33.2% to 281 million euros.

Revenue totalled 4.448 billion euros, up by a reported 7% and 10% higher at constant exchange rates. New orders in the quarter increased by 30.7% to 9.002 billion euros, with the order backlog rising by 23.0% to 56.805 billion. The growth in the order backlog was also due to the consolidation of the Iveco Defence Vehicles (IDV) business, which provided a boost of about 5.6 billion euros. Free operating cash flow improved to a negative 411 million euros in the quartr from a negative 580 million the year earlier.

Group net debt amounted to 3.049 billion euros, a 43.5% increase on the year earlier, due to the roughly 1.6 billion euro financial outlay for the acquisition of the IDV business, as well as that for the remaining 35% of GEM Elettronica and 100% of Enterprise Electronics Corporation.

'In the first quarter of 2026, we achieved very strong results. All main economic and financial indicators showed meaningful improvement, confirming the effectiveness of the commercial and operational actions implemented by the group and of the integrated technology strategy underpinning the industrial plan,' said Roberto Cingolani, CEO and general.

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(RADIOCOR) 06-05-26 09:21:44 (0229) 5 NNNN