Leonardo shares, LDO share prices on the Stock Exchange

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ISIN code: IT0003856405
Sector: Electronic technology
Industry: Aerospace defense

Le actions di Leonardo are listed on the Milan Stock Exchange under the ticker LDO.

View the stock's price history

Company Description

Leonardo SpA is an Italian company active in the defense, aerospace and security sectors.

Leonardo is the tenth largest defense company in the world and is the third largest in Europe.

The company is divided into five divisions:

• Electronics
• Helicopters
• aircraft
• aerostructures
• Cybersecurity

The company is based in Italy but operates globally through subsidiaries and joint ventures. Leonardo's production sites are distributed in 20 countries.

Leonardo's products and solutions are used in more than 150 countries around the world.

It has 49,530 employees.

The company is listed on the FTSE MIB index of the Milan Stock Exchange.

THEshareholders of Leonardo, in February 2021, is composed as follows:

• Ministry of Economy and Finance 30,2%
• Institutional Investors 48,8%
• Individual investors 17,5%
• Treasury shares 0,5%

Leonardo's largest shareholder is therefore the Italian Ministry of Economy and Finance, with a share of about 30%. This shareholding is subject to the discipline given by Prime Ministerial Decree of 28 September 1999, according to which the share cannot fall below the minimum threshold of 30% of the share capital; moreover, no other shareholder can own more than 3% of Leonardo's shares without the approval of the Ministry.

The shareholding structure, in line with its internationalization strategy, has passed from a predominantly domestic to an international one: around 90% of the institutional floating shareholding is foreign.

Leonardo shares are currently traded at around 6,48 euros.

Turnover in 2020 was 13,754 billion euros with a net profit of 243 million. The defense sector is the one that represents the greatest revenues with 68% of the total turnover.

Among subsidiaries or associated companies from Leonardo we find:

• Leonardo International (100%)
• Leonardo DRS (100%)
• Vitrociset (100%)
• FATA Logistic Systems (100%)
• So.Ge.Pa. general holding company Spa (100%)
• Telespazio (67% Leonardo; 33% Thales)
• Thales Alenia Space (67% Tahles; 33% Leonardo)
• MBDA (37,5% Airbus; 37,5% BAE Systems; 25% Leonardo)
• ATR (50% Leonardo; 50% Airbus)
• Electronics (31,33%)
• Aviation (29,63%)
• Larimart (60%)
• GEM Elettronica srl ​​(30%)
• AMSH BV (50%)
• Eurosysnav SAS (50%)
• Kopter (100%)
• LIBYAN ITALIAN ADVANCED TECH. CO. (25%)
• NGL Prime Spa (30%)
• Eurotech SpA (11%)
• Atitech Spa (10%)
• Italian Bus Industry Spa (20%)
• ITP Srl (14%)

Economic and financial analysis of the company

The name Leonardo was assumed in 2017. From 1948, the year of its foundation, to 2016 the company was called Finmeccanica Spa and then Leonardo-Finmeccanica up to the current denomination.

The company was founded in 1948 as Mechanical Financial Company – Finmeccanica SpA, financial sector leader ofInstitute for Industrial Reconstruction (IRI) for the mechanical sector. It was a holding with various companies including Alfa Romeo, Aeritalia, Ansaldo.

In the XNUMXs, the project to create a "large Finmeccanica" or centralize Italian companies active in technologically advanced sectors in the public finance sector gained strength, giving importance to Italy in critical sectors.

On 21 May 1987 the company becomes Finmeccanica SpA

In 1989 Finmeccanica took over three key companies from Stet (financial company Telefonica SpA): Selenia, active in space technologies, civil and military radar systems, and defense systems, Elsag, (formerly Elettronica San Giorgio), active in robotics and industrial automation, and shares in SG-S-Thomson (call later ST Microelectronics) Italian-French joint-venture semiconductor manufacturer.

In 1990 he acquired the Italian activities of the English group Ferranti.

In 1993 Finmeccanica was listed on the Stock Exchange.

Between 1994 and 1996 following the liquidation of theephim, Finmeccanica absorbs several historic companies such as Breda Meccanica Bresciana, Oto Melara, Officine Galileo of Florence and the Agusta of Samarate and the Breda Railway Construction, which went on to form the ANSALDOBREDA.

In 2000 he signed a joint venture AMS with Marconi (that will become BAE Systems) and the AgustaWestland with GKN. Subsequently, he will assume full control of the companies, also taking over the various plants in the United Kingdom.

Under the presidency of Pier Francesco Guarguaglini, the company focuses more on the aerospace and defense sector. Thus it was that in 2002 and 2003 Finmeccanica acquired Marconi Mobile in the field of telecommunications, Telespazio for satellite broadcasts e Aermacchi military aircraft manufacturer.

In 2002, with the liquidation of IRI, control of Finmeccanica passed into the hands of the Ministry of Economy and Finance. The Ministry becomes the main shareholder with a 30,2% stake.

In October 2008, it acquired la DRS Technologies, American company specializing in the sector of integrated electronic products and services for defence.

In 2013 Finmeccanica begins to sell shares of theAnsaldo Energia al Italian Strategic Fund; the total sale of its shares will be finalized in 2017.

In 2014 he was appointed CEO and general manager Mauro Moretti, former CEO of State Railways. He gives in BredaMenaribine to the new company Italian Bus Industry, founded by Finmeccanica and the Del Rosso group.

In 2015 it sells ANSALDOBREDA e Ansaldo STS to the Japanese group Hitachi e FATA al Danieli group.

The new industrial and strategic plan is to merge all the subsidiaries into the main company and to rebrand the name. On January 1, 2016 he was born Leonardo-Finmeccanica. The subsidiaries are absorbed by the new parent company AgustaWestland, Alenia Aermacchi, Oto Melara, Selex ES and WASS.

The company is structured into five sectors (helicopters; aerostructures; cybersecurity; electronics; aircraft).

From 2017 the denomination of the group will be only Leonardo.

In 2018 Leonardo acquires 100% of Vitrociset, Italian company operating in the field of information and communication technologies and logistics.

Leonardo controls 25% of MBDA which deals with the design, development and production of missiles and missile systems for any type of platform and for the main market sectors. With a share of 36% participates in the program Euro Fighter and through a partnership with Airbus Group produces regional turboprop aircraft.
Leonardo also manages the design, development, testing, production, support and marketing of a wide range of helicopters for commercial, public utility, security and defense uses.

Work in the management of satellites through Telespazio (of which it owns 67%) and is active in the development and production of satellites through a partnership with Thales Alenia Space.

Since May 2020, the president has been the former general of the Guardia di Finanza and director of Aise Luciano Carta which took the place of Gianni DeGennaro. The current Chief Executive Officer is Alessandro Profumo.