Return in profit for 27 million after five years, revenues at 8.12 billion (+6.2%) and doubled orders. Fincantieri closed with record numbers on 2024, beyond expectations. And he sees the 9 billion of revenues in 2025, growing over 10%. All a year earlier than expected.
The Cantieristica and Defense group has released 2024 data. After five years, he returns to the profit and exceeds the forecasts of the industrial plan. The net profit was 27 million euros, overturning the loss of 53 million of the previous year. Even more significant those 57 million euros of rectified net result, compared to the negative net result for Euro 7 million in 2023. Revenues reached 8.13 billion euros by marking an increase of 6.2% and Ebitda grew by 28%, bringing marginality to 6.3%, in evident improvement compared to 5.2% in 2023.
There was waiting on the debt issue. The data highlight almost a halving: the net financial position has fallen to -1.28 billion euros from -2.27 billion of the previous year. This improvement has allowed the group to significantly anticipate the path of reduction of the financial lever provided for by the industrial plan, with a debt/ebitda ratio dropped to 3.3 times, against an initial forecast of 4.5-5 times for 2024.
Record orders in 2024 for Fincantieri and growth at 9 billion for 2025
To push the record results was the level of the orders acquired. The group has signed contracts for 15.4 billion euros, more than double compared to 6.6 billion in 2023. This brought the total workload to 51.2 billion euros. The Shipbuilding segment was in particular driving, with 20 ships delivered in 2024 and an orders portfolio of 98 units.
For 2025 Fincantieri provides for further expansion of the business, with estimated revenues of around 9 billion euros and an Ebitda Margin greater than 7%. The strategy will focus on three axes. First of all, the strengthening in the defense market, thanks to the predictable impacts on the business of new European defense programs. Then there is the development of underwater activities and finally innovation in the offshore energy sector.
“2024 was a very positive year, which reappears the first fruits of our strategy and industrial vision,” commented the CEO Pierroberto Folgiero. Also on the market the group is achieving positive results. The title has earned about 60% on the stock exchange since the beginning of the year, reaching the historic tops.
