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May 06, 2015 4:10 AM ET


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


Founded in 1959

21,689 Employees


39 0403 19 31 11


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 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.

Fincantieri Reports Preliminary Earnings Results for the Year Ended December 31, 2014

Fincantieri reported preliminary earnings results for the year ended December 31, 2014. For the period, the company reported Revenue was €4,399 million against €3,811 million a year ago. EBITDA was €297 million against €298 million at 31 December 2013. EBIT was €198 million against €209 million a year ago. Profit on ordinary activities was €87 million against €137 million a year ago. Profit for the period was €55 million against €85 million a year ago. Capital expenditure was €162 million against €255 million a year ago. Free cash flow was negative €124 million against negative €519 million a year ago.

Fincantieri S.p.A., 2014 Earnings Call, Feb 27, 2015

Fincantieri S.p.A., 2014 Earnings Call, Feb 27, 2015

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