Leonardo stock holds near EUR 50 after strong H1 figures

Published on 09/23/2026 at 16:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Leonardo stock traded at EUR 49.73 on September 23, 2026, down 0.35 percent. H1 orders rose 45 percent to EUR 16 billion, while EBITA increased 34 percent.

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Leonardo stock traded at EUR 49.73 on Euronext Milan at 1:44 p.m. on September 23, 2026, down 0.35 percent from the previous close. The company had reported first-half orders of EUR 16 billion, revenue of EUR 10 billion and EBITA of EUR 780 million.

H1 orders rise 45 percent

According to Leonardo in its September 21, 2026 disclosure, new orders reached EUR 16 billion in the first half of 2026, an increase of 45 percent from the comparable period. Revenue rose 12 percent to EUR 10 billion, while EBITA increased 34 percent to EUR 780 million.

The figures give the stock a concrete operating anchor after the September 22 close of EUR 49.90. The strongest comparison is the order intake, because its 45 percent growth exceeded the 12 percent increase in revenue and points to a larger expansion in contracted demand than in recognized sales.

Cash flow remains the counterpoint

First-half free cash flow stood at negative EUR 249 million, according to the same September 21, 2026 company disclosure. The figure improved by 39 percent in the reported comparison, but it remains negative and therefore provides a counterweight to the stronger orders, revenue and EBITA figures.

Leonardo also disclosed that it bought 121,000 ordinary shares on September 15, 2026, at a weighted average price of EUR 49.4813, for a total consideration of EUR 5,987,234.88. The company said its treasury stock holdings reached 1,353,043 shares, equal to approximately 0.234 percent of share capital.

Stock remains close to EUR 50

Leonardo stock ended the September 22, 2026 session at EUR 49.90, down 1.40 percent, according to market data for Borsa Italiana. The intraday technical levels published for that session placed first support at EUR 49.64 and first resistance at EUR 50.43, making the EUR 50 area the immediate reference point for the share price.

At EUR 49.73 on September 23, 2026, the stock was 0.17 percent below the previous session close of EUR 49.90. The combination of 45 percent order growth and negative free cash flow leaves execution and cash conversion as the key numerical tension in the current investment case.