November 7, 2019 / 5:11 PM / 12 days ago

Leonardo reports 10.8% rise in 9-mth revenues, confirms guidance

FILE PHOTO: A hostess walks past a Leonardo's helicopter logo at the headquarters in Vergiate, near Milan, Italy, January 30, 2018. REUTERS/Massimo Pinca

MILAN (Reuters) - Italian defence group Leonardo (LDOF.MI) reported a 10.8% rise in its nine-month revenue to 9.1 billion euros (£7.8 billion), pushed by its helicopter division and its Electronics & Security business.

Earnings before interest, tax and amortization, or core profit, grew 8.5% percent to 686 million euros.

New orders in the third quarter were down compared to the same period last year, when the state-controlled group had benefited from a sizable helicopter contract with Qatar.

Leonardo confirmed its 2019 guidance, which sees core profit in the range of 1.175-1.225 billion euros.

Reporting by Francesca Landini

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