Leonardo confirms guidance after rise in Q1 orders, core profits

　　ROME Reuters – Italys aerospace and defence group Leonardo said it confirmed its 2022 guidance after posting a rise in orders and core profits in the first three months of the year.

　　Orders from January to March were up 10.8 yearonyear to 3.8 billion euros and earnings before interest, taxes and amortisation EBITA were up by 39 in the same period to 132 million euros 139 million.

　　“The first quarter of 2022 showed a good start to the year and results coherent with Leonardos growth path, which had already restarted in the previous financial year,” Chief Executive Alessandro Profumo said in a statement.

　　He added the statecontrolled group was “wellpositioned” in the markets where large increases in military budgets are expected.