Published by Global Banking & Finance Review®
Posted on March 25, 2026
2 min readLast updated: March 25, 2026
Add as preferred source on GoogleFincantieri posted a 150% surge in adjusted net profit to €143 million, powered by an 88% jump in underwater segment revenues, and reaffirmed its 2026 targets: €9.2–9.3 billion in revenue, ~7.5% EBITDA margin, and improved net profit.
March 25 (Reuters) - Italian shipbuilder Fincantieri reported a more than fourfold jump in its annual profit to 117 million euros ($136 million) on Wednesday, boosted by the underwater business line that saw 88% revenue growth.
Shares of the Trieste-based company gained up to 7.5% shortly after the results.
The state‑controlled shipbuilder reiterated its 2026 targets for revenue of 9.2 billion to 9.3 billion euros, a core profit (EBITDA) margin of around 7.5%, and an increased net profit.
"We are preparing to capture further growth in demand in the defense sector, by doubling the production capacity of Italian shipyards," CEO Pierroberto Folgiero said.
Fincantieri has sharpened its focus on defense and high-margin naval programs over the past year while continuing to benefit from recovering cruise ship demand, as part of a strategy aimed at improving profitability, reducing debt and repositioning the group.
Its order intake was 20.3 billion euros last year, up 32% compared to 2024.
($1 = 0.8613 euros)
(Reporting by Romolo Tosiani and Mirko Miorelli in Gdansk, Giulia Segreti in Rome; editing by Milla Nissi-Prussak)
Fincantieri reported an adjusted net profit of 143 million euros ($166 million), a 150% increase from the previous year.
The company’s profit growth was boosted by its underwater business line, which saw 88% revenue growth.
Fincantieri aims for revenues of 9.2-9.3 billion euros, a 7.5% EBITDA margin, and increased net profit by 2026.
Fincantieri's order intake reached 20.3 billion euros in 2023, marking a 32% increase compared to 2024.
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