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16 January 2019 The on-line newspaper devoted to the world of transports 20:14 GMT+1

May 8, 2018

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Quarterly decrease of the orders for the construction of ships to the Fincantieri group

In the first three months of the 2018 revenues of the Italian company they are increased of +11%

In the first three months of this year the Fincantieri group has obtained new orders for a total value pairs to 1,08 billion euros, with a bending of the -70% regarding 3,55 billion euros in the first trimester of 2017. In the single segment of the constructions of cruise ships and military ships the orders are piled to 750 million euros (- 77%), in the field of means offshore the total have been of 217 million euros (+3%) and in the section of the systems, members and services the orders have attested themselves to 167 million euros (+30%).

In the first trimester of the 2017 Italian navalmeccanico group it has recorded revenues pairs to 1,23 billion euros, with an increment of +11% regarding 1,10 billion euros in the same period last year. The turnover of the Shipbuilding division has been of 916 million euros (+74%), of which 619 million in the segment of cruise ships (+4%) and 292 million in the segment of military ships (+12%), that of the Offshore division of 245 million euros (+17%) and the volume of transactions of the Equipment division, Systems & Services of 167 million euros (+72%). The group EBITDA has turned out pairs to 89 million euros (+33%), with a contribution of 74 million from the crocieristiche and military division of shipbuilding (+35%), of 9 million from offshore division (0%) and of 15 million from the division it arranges, members and services (+36%).

The workload of the group on 31 March, that is the residual value of the orders not still completed, turns out pairs to 21,8 billion euros on March 31, 2017 (20,8 billion) with 104 ships in pocketbook.

"The results of first trimester 2018 - the managing director of Fincantieri has commented, Giuseppe Bono - represent a first confirmation of the lines of development identified in the industrial plan that we have introduced to the end of March and are in continuity with the increase recorded in the biennium precedence. With productive volumes and marginality still in increase, our society newly evidences own ability to also create value operating in a extremely complex field". "Strong of this encouraging first step - it has added - we continue in the increase distance that will see protagonists to us of shipbuilding the world-wide one in the years to come".

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