- Fincantieri reported a net profit of €27 million, marking a significant turnaround.
- The company secured €15.4 billion in new orders, showcasing strong market demand.
- EBITDA increased, reflecting enhanced operational efficiency and profitability.
Fincantieri S.p.A., a prominent Italian shipbuilding company, has reported significant financial achievements for the fiscal year 2024, reports Port News.
Record order intake
The Board of Directors approved the consolidated financial statements, highlighting a net profit of €27 million. This marks a substantial turnaround from previous years, reflecting the company’s strategic initiatives and operational efficiency.
A notable highlight is the record order intake of €15.4 billion, indicating robust demand for Fincantieri’s shipbuilding services. This surge in orders underscores the company’s strong market position and its ability to secure substantial contracts.
Furthermore, the company reported an increase in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), demonstrating improved profitability and operational performance. These financial milestones collectively signify Fincantieri’s resilience and growth in the competitive shipbuilding industry.
Key 2024 achievements
- Strategic acquisition of Leonardo’s WASS underwater systems business
- Major cruise ship orders including 4 vessels for Norwegian Cruise Line
- Two FREMM EVO frigates for Italian Navy 5th and 6th Constellation-class frigates for U.S. Navy
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Port News
