<?xml version="1.0" encoding="utf-8"?>
<linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.xbrl.org/2003/linkbase">
  <roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple" xmlns:xlink="http://www.w3.org/1999/xlink" />
  <labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended" xmlns:xlink="http://www.w3.org/1999/xlink">
    <loc xlink:type="locator" xlink:href="529900x4eex1u9ln3u39-2021-12-31.xsd#leonardosocietaperazioni_OtherReservesAndRetainedEarnings" xlink:label="leonardosocietaperazioni_OtherReservesAndRetainedEarnings" />
    <labelArc xlink:type="arc" xlink:from="leonardosocietaperazioni_OtherReservesAndRetainedEarnings" xlink:to="label_leonardosocietaperazioni_OtherReservesAndRetainedEarnings_aa" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <label xlink:label="label_leonardosocietaperazioni_OtherReservesAndRetainedEarnings_aa" id="leonardosocietaperazioni_OtherReservesAndRetainedEarnings_aa" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="aa">Other reserves and retained earnings</label>
  </labelLink>
</linkbase>