Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 28, 2015 4:12 AM ET

Machinery

Company Overview of Fincantieri S.p.A.

Company Overview

Fincantieri S.p.A. operates in the shipbuilding industry. The company operates in three segments: Shipbuilding; Offshore; and Equipment, Systems and Services. The Shipbuilding segment designs and constructs cruise ships; ferries, including fast ferries, cruise ferries, and Ro-Pax; naval vessels, such as aircraft carriers, submarines, destroyers, frigates, corvettes, patrol vessels, amphibious ships, logistic support, special vessels, and barges; and mega yachts. This segment also offers ship repair, refitting, conversion, and refurbishment services. The Offshore segment designs and constructs offshore support vessels, construction vessels, and drilling vessels; and offers products in the fie...

Via Genova, 1

Trieste, TS 34121

Italy

Founded in 1959

21,905 Employees

Phone:

39 0403 19 31 11

Fax:

39 0403 19 23 05

Key Executives for Fincantieri S.p.A.

Fincantieri S.p.A. does not have any Key Executives recorded.

Fincantieri S.p.A. Key Developments

Fincantieri S.P.A. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Fincantieri S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2015. Revenues and income was EUR 1,110 million against EUR 923 million last year, mainly due to higher volumes in the cruise business which accounted for 39% of the group's total revenues for the period. EBITDA was EUR 59 million against EUR 66 million last year. EBIT was EUR 33 million against EUR 42 million last year, the decrease is due not only to the factors discussed earlier, but also to an increase of euro 2 million in depreciation and amortization charges in the first quarter of 2015. Loss from ordinary activities was EUR 21 million against profit from ordinary activities of EUR 16 million last year. Loss was EUR 27 million against profit of EUR 10 million last year. Free cash flow was EUR 25 million against free cash flow negative at EUR 260 million last year. Capital expenditure was EUR 29 million against EUR 27 million last year. The parent company accounted for 62% of the total capex. Capital expenditure in the first quarter of 2015 mainly relate to the completion of construction of Vard Promar shipyard in Brazil, the construction of new infrastructure, and to technological upgrades designed to improve production efficiency through greater process automation and to improve safety conditions and environmental respect within the production sites. With regards to the breakdown by operating segment, 69% of the total capital expenditure relates to Shipbuilding, 24% to Offshore, 3% to Equipment, Systems and Services and 4% to other activities. Net cash flow was EUR 81 million against net cash flow used of EUR 105 million last year.

Fincantieri S.p.A., Q1 2015 Earnings Call, May 13, 2015

Fincantieri S.p.A., Q1 2015 Earnings Call, May 13, 2015

Fincantieri Receives Order from Carnival Corporation

Carnival Corp. announced plans to order nine new ships for delivery between 2019 and 2022, though the industry giant did not say which of its nine brands would use the vessels. Other details were also absent, including the cost of the ships, their size, the number of passengers they would hold, the features they would include or the timeline for their delivery. Carnival said it had signed a strategic memorandum of agreement with both Fincantieri and Meyer Werft for vessels based on next-generation ship designs. Fincantieri will build five of the ships, while Meyer Werft will handle four. The agreements include options for more vessels in the future and are subject to conditions including financing.

Similar Private Companies By Industry

Company Name Region
NOMOS S.p.a. Europe
MS Printing Solutions S.r.l. Europe
Jabsco Marine Italia s.r.l. Europe
Techne Graham Packaging Company Italia Srl Europe
Faral S.p.A Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Fincantieri S.p.A., please visit www.fincantieri.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.