Leonardo reports much-improved 9M results for ATR

In the first nine months of 2023, ATR has produced much-improved financial and operational results. Its major shareholder Leonardo, who owns ATR together with Airbus, a reduction by 50 percent of EBITDA from €-4 million to €-2 million.

For Q3, the result has been even more positive, as ATR turned around an EBITDA of €-3 million into a positive €3 million.

Leonardo said on Thursday in its Q3 earnings release that the better performance of the turboprop maker reflects more deliveries. Leonardo itself delivered 21 fuselages to ATR

compared to 14 in the first nine months of 2022.