The Leonardo stock shines on the Milan Stock Exchange, among the best on the main index, following positive and better-than-expected results from its U.S. subsidiary, Leonardo DRS, in which it holds a 72% stake. The stock of the Italian defense giant showed a gain of over 3% at 47.27 euros late in the morning, outperforming the Ftse Mib, which was up by 1.10%.
Leonardo DRS closed the first quarter of the year with revenues of $799 million, a 16% year-on-year increase, exceeding consensus (Bloomberg had estimated $737 million), and EBITDA of $82 million (+17%) compared to the estimated $79 million.
