Italy · Delayed Price · Currency is EUR Fincantieri Earnings Call Transcripts
Fiscal Year 2026
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9M 2026 EBITDA rose 10.9% and margin expanded to 7.7%, while adjusted net debt and leverage declined. Record backlog and strong demand supported higher FY EBITDA guidance, though revenue is expected at the lower end of its range.
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Record H1 2026 results with EBITDA up 12.5% and net profit nearly tripled to EUR 102 million, driven by strong cruise, offshore, and underwater performance. Backlog rose 17% to EUR 43 billion, and guidance for 2026 is confirmed, supported by strategic acquisitions and robust order intake.
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Q1 2026 saw strong margin expansion, record backlog, and robust order intake across all segments. Guidance for 2026 was raised on the back of commercial momentum, improved leverage, and a solid pipeline in cruise, defense, and underwater.
Fiscal Year 2025
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Record 2025 results with double-digit revenue and EBITDA growth, net profit quadrupling year-on-year, and all-time highs in order intake and backlog. Strong outlook for 2026, supported by robust cruise and defense pipelines, enhanced financial flexibility, and targeted M&A.
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Revenue grew 20.5% year-on-year to €6.73B, with EBITDA up 40.4% and margin at 6.9%. Record order intake and backlog provide strong long-term visibility, while all segments contributed to growth. 2025 guidance is confirmed, with revenues expected at €9B and EBITDA margin above 7%.
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First half 2025 saw revenues up 24.3% to €4.58B and EBITDA up 45.3% to €311M, with record order intake and backlog. Net debt/EBITDA improved to 2.7x, and guidance for 2025 is reaffirmed with strong momentum across all segments.
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Q1 2025 saw revenues up 34.5% and EBITDA up 53.5%, driven by record order intake and strong performance across all segments. The new Underwater segment delivered high margins, and the backlog reached EUR 57.6 billion, supporting a positive outlook and confirmed 2025 guidance.
Fiscal Year 2024
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Revenues grew 6.2% to EUR 8,128 million and EBITDA rose 28% to EUR 509 million, with net profit of EUR 27 million and a record EUR 15.4 billion order intake. 2025 guidance targets EUR 9 billion revenues, EBITDA margin above 7%, and continued strong leverage improvement.
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Revenues grew 3.7% to €5.6B and EBITDA rose 19% to €328M, with strong order intake doubling to €8.5B and backlog reaching €40.1B. Year-end guidance was raised, with revenues expected above €8B and EBITDA margin around 6%.
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Record order intake and backlog, stable revenues, and improved EBITDA margin highlight strong H1 2024 performance. Guidance for revenue and deleveraging is raised, with major cruise and defense orders and digitalization initiatives supporting long-term growth.