Aerospace giant Leonardo said
Tuesday it saw average yearly earnings rising 5-6% over the
five-year (RPT five-year) period from 2018 to 2022.
It said orders would rise above an average yearly 6%.
CEO Alessandro Profumo said the group was aiming for
"sustainable development" and had framed a "new commercial
strategy for growth".
Leonardo confirmed its 2017 guidance after a warning in
November.
It said earnings, EBITDA and free operating cash flow would
be in the bottom range of the guidance as revised in November.
The company's stock fell 7% in Milan on 2017 profit estimates
and the new business plan, before being suspended for excessive
losses.
Profumo said "we will convince the bourse with our results".
He said "the fact that we gave lower than expected guidance
meant the market reaction was only to be expected".
Leonardo was formerly known as Finmeccanica.
photo: Profumo
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