Finance
Italy's Fincantieri Q1 core profit jumps 53.5%, confirms 2025 forecasts
Published by Global Banking & Finance Review®
Posted on May 12, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 12, 2025
1 min readLast updated: January 23, 2026
Fincantieri's Q1 profit soared 53.5% to €154M, with revenues up 35% to €2.38B. Growth driven by shipbuilding and defence, confirming 2025 forecasts.
(Reuters) -Fincantieri reported a 53.5% rise in first-quarter core profit to 154 million euros ($170.72 million) driven by strong performance across all segments, particularly in shipbuilding, and increased revenues in the defence business.
Revenues jumped to 2.38 billion euros, up 35% from the same period in 2024, and Fincantieri's total backlog amounted to 57.6 billion euros, the Trieste-based group said on Monday.
"The increase in revenues in the defence segment and the consolidation of our three dimensions - cruise, defence and offshore - confirm the effectiveness of our integrated business model," said Pierroberto Folgiero, CEO and General Manager of Fincantieri.
Fincantieri confirmed its forecasts for 2025, while its order intake so far this year soared to 11.71 billion euros, equal to 76% of the entire record value achieved in 2024.
($1 = 0.9020 euros)
(Reporting by Laura Contemori, Editing by Louise Heavens)
The article discusses Fincantieri's significant profit increase in Q1 and its strong performance in shipbuilding and defence.
How did Fincantieri's order intake perform? It soared to 11.71 billion euros, 76% of 2024's record.
What are Fincantieri's future forecasts? The company confirmed its 2025 forecasts amid strong growth.
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