ROME (Reuters) -Italian shipbuilder Fincantieri reported on Wednesday a 45% rise in core profits and a 24% rise in revenues in the first half of 2025, with particularly strong growth in the key
Fincantieri Sees Revenue Surge Driven by Defence and Underwater Projects
Fincantieri's Financial Performance Overview
ROME (Reuters) -Italian shipbuilder Fincantieri reported on Wednesday a 45% rise in core profits and a 24% rise in revenues in the first half of 2025, with particularly strong growth in the key defence and underwater businesses.
Core Profits and Revenue Growth
"Our results are not merely figures, but a snapshot of a company that is turning the complexity of the global scenario into a driver of growth and value creation," Chief Executive Pierroberto Folgiero said in a statement.
Order Book and Debt Management
The company's order book almost doubled to 14.7 billion euros in the first half of this year, up from 7.6 billion in the first six months of 2024 and reaching a record level backlog at 57.7 billion euros.
While confirming its full-year revenue and core profit margin guidance, the state-controlled group improved its forecast for its net debt to core profit ratio - or its reliance on debt - to between 2.7 and 3.0, from a previously estimated 3.3.
Revenues rose to 4.58 billion euros ($5.30 billion) from 3.68 billion euros in the same period the previous year, and above expectations, lifted by orders from the Italian Navy and deals with Indonesia.
($1 = 0.8672 euros)
(Reporting by Giulia SegretiEditing by Keith Weir)
