Q3 2019 Fincantieri SpA Earnings Call Transcript
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Fincantieri 9 Months 2019 Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Maestrini, General Manager. Please go ahead, sir.
Thank you. Good morning, ladies and gentlemen. Let me start this conference call by providing you with some highlights on the fiscal period results for the first 9 months of 2019. If we move to Slide #3, I will comment.
Over this month, we have confirmed our revenue growth trend with an increase of almost 10% compared to the same period of 2018. EBITDA stood at EUR 287 million with an EBITDA margin of 6.7%. This reflects the positive trend in the Shipbuilding segment and the negative margins of the Offshore and Specialized Vessels segment. The Shipbuilding segment EBITDA notably increased by an impressive 30% if compared to the same period of 2018 despite a negative contribution of our cruise business unit.
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