Q3 2025 Fincantieri SpA Earnings Call Transcript
Key Points
- Fincantieri SpA (FNCNF) reported a robust revenue growth of 20.5% year-on-year, reaching EUR6.725 million, driven by strong contributions from all business segments, particularly Shipbuilding.
- The company achieved a significant increase in profitability with EBITDA growing by 40.4% to EUR461 million, and an improved EBITDA margin of 6.9%.
- Fincantieri SpA (FNCNF) has a record high backlog of EUR61.1 billion, providing exceptional visibility on long-term business outlook and revenue streams.
- The company is experiencing strong order intake, with EUR16 billion recorded in the first nine months of 2025, an 88.4% increase compared to the previous year.
- Fincantieri SpA (FNCNF) is well-positioned to capture growth opportunities in the defense sector, supported by favorable geopolitical dynamics and a strong market positioning.
- Net debt remains high at EUR1.65 billion, although slightly improved from the previous year-end figure.
- The company operates in a heavy industry sector with low by rhythms, which may pose challenges to maintaining rapid growth.
- There is uncertainty regarding the timing of certain defense contracts, such as those with Greece, which could impact future revenue recognition.
- Fincantieri SpA (FNCNF) faces competitive pressures in the defense sector, particularly in international markets where geopolitical factors play a significant role.
- The company's expansion plans in defense and underwater segments require careful management of capacity and resources to meet increasing demand.
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining Fincantieri nine months 2025 results conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Folgiero, Chief Executive Officer and Managing Director. Please go ahead, sir.
Good afternoon, ladies and gentlemen, and thank you for joining us today to discuss Fincantieri's nine months 2025 results. We are pleased to present another solid set of results, building on the positive trajectory of the first half of the year. Revenue growth remains robust across all segments, supported by favorable market tailwinds while increased operational efficiency in Cruise and higher contribution from the defense business keep driving margin expansion at the group level.
Our underwater segment is growing according to plan and continues to deliver premium margins, strengthening its position as a key value and profitability
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