Headlines
Italy's Fincantieri sees 40% surge in 9-month core profit
Published by Global Banking and Finance Review
Posted on November 12, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 12, 2025
1 min readLast updated: January 21, 2026
Fincantieri reports a 40% increase in nine-month core profit, driven by significant growth in its defence and shipbuilding sectors.
(Reuters) -Italian shipbuilder Fincantieri reported on Wednesday a 40% rise in its nine-month core profit pushed by growth in all of its business segments.
Revenue for the group's defence unit was up 39% year-on-year compared to a 23% rise in the shipbuilding sector, in a further sign that the state-controlled group is shifting its attention towards the increasingly profitable defence sector.
The Trieste-based firm's order intake reached 16 billion euros ($18.66 billion), up 88% yearly, with a total backlog just over 61 billion euros, guaranteeing 7.5 years of work.
The group - which is set to approve a new business plan for 2026-2030 at the end of the year - confirmed its 2025 targets pointing to revenues at around 9 billion euros and core profit margin above 7%.
($1 = 0.8575 euros)
(Reporting by Romolo Tosiani in Gdansk, Giulia Segreti in Rome)
Core profit refers to the earnings generated from a company's primary business operations, excluding any income from non-operational activities or one-time events.
Order intake is the total value of orders received by a company during a specific period, indicating demand for its products or services.
A backlog is the total amount of work or orders that a company has yet to fulfill, representing future revenue potential.
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