By Cecilia Butini
Leonardo SpA on Thursday posted a lower after-tax profit for the third quarter despite a slightly higher revenue for the period, and backed its outlook for the full year 2021.
The Italian aerospace-and-defense company posted after-tax profit of 52 million euros ($60.4 million) for the quarter, down from EUR77 million for the same period a year prior.
Conversely, revenue rose slightly to EUR3.22 billion from EUR3.15 billion a year earlier.
New orders for the period amounted to EUR2.58 billion, up from EUR2.41 in the same quarter of 2020, Leonardo said.
The company backed a previously given outlook, confirming that it expects 2021 new orders to be worth EUR14 billion and revenue to be in the range of EUR13.8 billion to EUR14.3 billion.
Write to Cecilia Butini at cecilia.butini@wsj.com
