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    <labelArc xlink:type="arc" xlink:from="leonardosocietaperazioni_ChangeInOtherOperatingAssetsAndLiabilitiesAndProvisionsForRisksAndCharges" xlink:to="label_leonardosocietaperazioni_leonardosocietaperazioniChangeInOtherOperatingAssetsAndLiabilitiesAndProvisionsForRisksAndCharges_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="leonardosocietaperazioni_InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssets" xlink:to="label_leonardosocietaperazioni_leonardosocietaperazioniInvestmentsInPropertyPlantAndEquipmentAndIntangibleAssets_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="leonardosocietaperazioni_SalesOfPropertyPlantAndEquipmentAndIntangibleAssets" xlink:to="label_leonardosocietaperazioni_leonardosocietaperazioniSalesOfPropertyPlantAndEquipmentAndIntangibleAssets_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="leonardosocietaperazioni_BeiSubscriptionAndTermLoan" xlink:to="label_leonardosocietaperazioni_leonardosocietaperazioniBeiSubscriptionAndTermLoan_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="leonardosocietaperazioni_CDPLoan" xlink:to="label_leonardosocietaperazioni_leonardosocietaperazioniCDPLoan_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="leonardosocietaperazioni_NetChangeInOtherLoansAndBorrowings" xlink:to="label_leonardosocietaperazioni_leonardosocietaperazioniNetChangeInOtherLoansAndBorrowings_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="label_leonardosocietaperazioni_ifrs-fullCashAndCashEquivalents_PeriodStart" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="label_leonardosocietaperazioni_ifrs-fullCashAndCashEquivalents_PeriodEnd" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_Equity" xlink:to="label_leonardosocietaperazioni_ifrs-fullEquity_PeriodStart" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_Equity" xlink:to="label_leonardosocietaperazioni_ifrs-fullEquity_PeriodEnd" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <label xlink:label="label_leonardosocietaperazioni_ProfitOrLossTable" id="leonardosocietaperazioni_ProfitOrLossTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Utile o perdita [table]</label>
    <label xlink:label="label_ProfitOrLossLineItems" id="ProfitOrLossLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Utile o perdita [line items]</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniPurchaseAndPersonnelExpenses_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniPurchaseAndPersonnelExpenses_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Costi per acquisti e per il personale</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniAmortisationDepreciationAndFinancialAssetsValueAdjustments_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniAmortisationDepreciationAndFinancialAssetsValueAdjustments_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Ammortamenti, svalutazioni e rettifiche di valore di attività finanziarie</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniOtherOperatingExpenses_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniOtherOperatingExpenses_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Altri costi operativi</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniIncomeBeforeTaxAndFinancialExpenses_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniIncomeBeforeTaxAndFinancialExpenses_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Risultato prima delle imposte e degli oneri finanziari</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_Total" id="leonardosocietaperazioni_ifrs-fullShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">patrimonio netto</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniOperatingProfitLossBeforeIncomeTaxesAndDiscontinuedOperations_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniOperatingProfitLossBeforeIncomeTaxesAndDiscontinuedOperations_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Utile (perdita) prima delle imposte e degli effetti delle Discontinued Operation</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullIncomeTaxExpenseContinuingOperations_Total" id="leonardosocietaperazioni_ifrs-fullIncomeTaxExpenseContinuingOperations_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Imposte sul reddito</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullProfitLoss_Total" id="leonardosocietaperazioni_ifrs-fullProfitLoss_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Utile (perdita) netto/a attribuibile a:</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullBasicAndDilutedEarningsLossPerShare_Total" id="leonardosocietaperazioni_ifrs-fullBasicAndDilutedEarningsLossPerShare_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Utile (perdita) per Azione</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniExchangeRateGainsLossesOnDefinedBenefitPlans_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniExchangeRateGainsLossesOnDefinedBenefitPlans_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Differenza cambio</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniExchangeDifference_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniExchangeDifference_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Differenza cambio</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniComprehensiveIncomeAttributableToOwnersOfParentFromContinuingOperation_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniComprehensiveIncomeAttributableToOwnersOfParentFromContinuingOperation_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Conto economico complessivo, attribuibile ai soci della controllante dalle continuing operation</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniComprehensiveIncomeAttributableToOwnersOfParentFromDiscontinuedOperation_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniComprehensiveIncomeAttributableToOwnersOfParentFromDiscontinuedOperation_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Conto economico complessivo, attribuibile ai soci della controllante dalle discontinued operation</label>
    <label xlink:label="label_leonardosocietaperazioni_StatementOfFinancialPositionTable" id="leonardosocietaperazioni_StatementOfFinancialPositionTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Prospetto della situazione patrimoniale-finanziaria [table]</label>
    <label xlink:label="label_StatementOfFinancialPositionLineItems" id="StatementOfFinancialPositionLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Prospetto della situazione patrimoniale-finanziaria [line items]</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullIntangibleAssetsAndGoodwill_Total" id="leonardosocietaperazioni_ifrs-fullIntangibleAssetsAndGoodwill_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Attività immateriali</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullInvestmentProperty_Total" id="leonardosocietaperazioni_ifrs-fullInvestmentProperty_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Investimenti immobiliari</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullInvestmentAccountedForUsingEquityMethod_Total" id="leonardosocietaperazioni_ifrs-fullInvestmentAccountedForUsingEquityMethod_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">metodo del patrimonio netto</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullDeferredTaxAssets_NegatedLabel" id="leonardosocietaperazioni_ifrs-fullDeferredTaxAssets_NegatedLabel" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="it">Attività per imposte differite</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullNoncurrentAssets_Total" id="leonardosocietaperazioni_ifrs-fullNoncurrentAssets_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Attività non correnti</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullInventories_Total" id="leonardosocietaperazioni_ifrs-fullInventories_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Rimanenze</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullContractAssets_Total" id="leonardosocietaperazioni_ifrs-fullContractAssets_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Attività derivanti da contratti</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullCurrentAssets_Total" id="leonardosocietaperazioni_ifrs-fullCurrentAssets_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Attività correnti</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullAssets_Total" id="leonardosocietaperazioni_ifrs-fullAssets_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Totale attività</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniOtherReservesAndRetainedEarnings_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniOtherReservesAndRetainedEarnings_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Altre riserve e utili a nuovo</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullEquityAttributableToOwnersOfParent_Total" id="leonardosocietaperazioni_ifrs-fullEquityAttributableToOwnersOfParent_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Patrimonio Netto di Gruppo</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullEquity_Total" id="leonardosocietaperazioni_ifrs-fullEquity_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Totale Patrimonio Netto</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullNoncurrentProvisions_Total" id="leonardosocietaperazioni_ifrs-fullNoncurrentProvisions_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Fondi per rischi ed oneri non correnti</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullNoncurrentLiabilities_Total" id="leonardosocietaperazioni_ifrs-fullNoncurrentLiabilities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Passività non correnti</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullContractLiabilities_Total" id="leonardosocietaperazioni_ifrs-fullContractLiabilities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Passività derivanti da contratti</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullCurrentProvisions_Total" id="leonardosocietaperazioni_ifrs-fullCurrentProvisions_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Fondi per rischi ed oneri correnti</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullCurrentLiabilities_Total" id="leonardosocietaperazioni_ifrs-fullCurrentLiabilities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Passività correnti</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullLiabilities_Total" id="leonardosocietaperazioni_ifrs-fullLiabilities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Totale passività</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullEquityAndLiabilities_Total" id="leonardosocietaperazioni_ifrs-fullEquityAndLiabilities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="it">Totale passività e patrimonio netto</label>
    <label xlink:label="label_leonardosocietaperazioni_StatementOfCashFlowsTable" id="leonardosocietaperazioni_StatementOfCashFlowsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Rendiconto finanziario [table]</label>
    <label xlink:label="label_StatementOfCashFlowsLineItems" id="StatementOfCashFlowsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Rendiconto finanziario [line items]</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniGrossCashFlowsFromOperatingActivities_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniGrossCashFlowsFromOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Flusso di cassa lordo da attività operative</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniChangeInTradeReceivablesTradePayablesContractAssetsContractLiabilitiesAndInventories_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniChangeInTradeReceivablesTradePayablesContractAssetsContractLiabilitiesAndInventories_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Variazione dei crediti debiti commerciali attività passività derivanti da contratti e rimanenze</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniChangeInOtherOperatingAssetsAndLiabilitiesAndProvisionsForRisksAndCharges_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniChangeInOtherOperatingAssetsAndLiabilitiesAndProvisionsForRisksAndCharges_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Variazione delle altre attività e passività operative e fondi rischi ed oneri</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniInvestmentsInPropertyPlantAndEquipmentAndIntangibleAssets_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniInvestmentsInPropertyPlantAndEquipmentAndIntangibleAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Investimenti in attività materiali ed immateriali</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniSalesOfPropertyPlantAndEquipmentAndIntangibleAssets_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniSalesOfPropertyPlantAndEquipmentAndIntangibleAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Cessioni di attività materiali ed immateriali</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniBeiSubscriptionAndTermLoan_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniBeiSubscriptionAndTermLoan_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Finanziamento BEI e sottoscrizione di Term Loan</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniCDPLoan_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniCDPLoan_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Prestito CDP</label>
    <label xlink:label="label_leonardosocietaperazioni_leonardosocietaperazioniNetChangeInOtherLoansAndBorrowings_Standard" id="leonardosocietaperazioni_leonardosocietaperazioniNetChangeInOtherLoansAndBorrowings_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="it">Variazione netta degli altri debiti finanziari</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullCashAndCashEquivalents_PeriodStart" id="leonardosocietaperazioni_ifrs-fullCashAndCashEquivalents_PeriodStart" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="it">Disponibilità e mezzi equivalenti al 1° gennaio</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullCashAndCashEquivalents_PeriodEnd" id="leonardosocietaperazioni_ifrs-fullCashAndCashEquivalents_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="it">Disponibilità e mezzi equivalenti al 31 dicembre</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullEquity_PeriodStart" id="leonardosocietaperazioni_ifrs-fullEquity_PeriodStart" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="it">1° gennaio 2020</label>
    <label xlink:label="label_leonardosocietaperazioni_ifrs-fullEquity_PeriodEnd" id="leonardosocietaperazioni_ifrs-fullEquity_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="it">31 dicembre 2020</label>
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