Published by Global Banking & Finance Review®
Posted on March 25, 2025
2 min readLast updated: January 24, 2026
Add as preferred source on GoogleFincantieri returned to profit in 2024 with a net profit of 27 million euros, surpassing market expectations and projecting further growth in 2025.
(Reuters) -Italian shipbuilder Fincantieri returned to a net profit of 27 million euros ($29.22 million) and beat market expectations for its core earnings in 2024, it said on Monday.
The return to profit came a year earlier than the group had projected in its industrial plan and follows a loss of 53 million euros in 2023.
"2024 has been a remarkable year for Fincantieri, in which we have begun to reap the first results of our strategy and industrial vision. The return to profitability ... is a clear evidence of this," CEO Pierroberto Folgiero said in a statement.
Fincantieri also reported annual earnings before interest, taxes, depreciation and amortisation of 509 million euros for 2024, ahead of analysts' estimate of 500 million euros in a company-provided consensus.
The Trieste-based vessel maker expects its EBITDA margin to rise to more than 7% in 2025 on estimated annual revenue of around 9 billion euros. Its margin was 6.3% last year.
It also expects to maintain a positive net result.
The 2025 outlook includes the consolidation of offshore engineering group Remazel and the newly established WASS Submarine Systems, the company said.
($1 = 0.9240 euros)
(Reporting by Michela Stasio in Gdansk, editing by Milla Nissi)
The article discusses Fincantieri's return to profitability in 2024, surpassing market expectations and outlining future growth plans.
Fincantieri achieved a net profit of 27 million euros and an EBITDA of 509 million euros, exceeding market forecasts.
Fincantieri expects its EBITDA margin to rise to over 7% in 2025 with estimated annual revenue of around 9 billion euros.
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