Defence and underwater business drive Fincantieri's first-half revenues
"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.
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)
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