Feb. 23, 2025 7:21 PM ETLeonardo S.p.a. (FINMF) Stock, FINMY StockFINMF, FINMYMare Evidence Lab5.64K Followers(7min)FY 2024 results show a 16.2% sales increase to €17.8 billion and a 12.9% EBITA rise to €1.5 billion, with strong order backlog and FCF.Positive outlook due to higher defense budgets and potential buybacks.We believe the company will present a turnaround plan for the loss-making Aerostructures division.Supportive valuation thanks to JVs, and lower debt evolution. Leonardo is still a buy.K G Yon/iStock Editorial via Getty ImagesFollowing our early January 2025 analysis, "Noisy B787 Challenges, This Is Still A Clear Buy," we were surprised to see a 30% stock price appreciation. We were right to promote Leonardo (This article was written byMare Evidence Lab5.64K FollowersBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We take no responsibility for your investments but wish you best of luck.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments