Fincantieri's Goal: Net Profit in 2025

Elisa Anzolin
Friday, December 16, 2022

Italy's shipbuilder Fincantieri said on Friday it would return to net profit in 2025, focusing on its three core businesses of cruise, defense, and specialized offshore vessels. 

Under a five-year business plan, Fincantieri forecasts revenues of 8.8 billion euros ($9.38 billion) in 2025 and 9.8 billion euros in 2027 from 6.7 billion euros last year. 

The ratio between debt and profitability is seen declining to 2.5-3.5 in 2027, while the core profit will be around 8% of revenues.

($1 = 0.9382 euros)


(Reuters - Reporting by Elisa Anzolin, editing by Alvise Armellini)

Categories: Shipbuilding Vessels Industry News Activity Construction

Related Stories

Valeura Energy Completes Modification of MT Jaka Tarub Vessel for Wassana Offshore Oil Field

Rebuild, Reuse, Recycle: Norwegian Yard Completes Two Retrofit Projects for Brazilian Offshore Vessel Owner

Golar LNG Buys NFE's Stake in FLNG Hilli

Current News

China Plans to Use Renewable Energy to Help Boost Oil & Gas Production

Energean Looking to Boost Israel FPSO Capacity

EnBW Set to Build Its Largest Offshore Wind Farm in Germany Yet as FID Reached

Serica Energy Completes Acquisition of Tailwind Energy

Subscribe for OE Digital E‑News