The future of the 25% stake in the Mbda missile joint venture "is something on which we could have a different position from that of the previous management" by Mauro Moretti. This was stated by Leonardo's CEO, Alessandro Profumo, during the hearing in the Chamber.
The aerospace and defense group lengthened the stock market thanks to the return to the "investment grade" level in Fitch's assessment of the long-term rating and the indications of the CEO Alessandro Profumo on the 2017-21 revenue prospects.
The share rises by 1,3%, against a Ftse Mib down by almost half a percentage point, to 15,3 euros and is among the best in the basket of big companies on Piazza Affari.
The rating agency Fitch has raised the rating on debt and senior unsecured bonds to "BBB-", i.e. the first step of "investment grade" indicating a stable outlook: a move that reflects an improvement in the company profile and the consequent resilience following the repositioning of the corporate portfolio away from non-core areas as well as improvements in the financial profile.
Furthermore, in the early afternoon during a hearing in the Chamber, Profumo underlined that he believes a minimum target of average revenue growth of 5% in the period 2017-21 can be reached. Leonardo will present the new plan in January. The previous one, created by the former CEO Mauro Moretti, envisaged an average annual growth in revenues of between 3% and 5% for the same period.
