Italian shipbuilder Fincantieri on Tuesday set a goal of a 40% rise in revenues and a near doubling of core profits in its new five-year plan, expanding to the defence and underwater
Italian shipbuilder Fincantieri on Tuesday set a goal of a 40% rise in revenues and a near doubling of core profits in its new five-year plan, expanding to the defence and underwater businesses while keeping its leadership on cruise ships.
The 2026-2030 strategy, dubbed "F4 Fast Forward Further Future" and expected to be detailed in the first months of next year, forecasts more than 50 billion euros ($58.79 billion) of new orders, particularly in the defence sector.
"With this plan, we enter a new phase of growth: we strengthen production capacity, increase competitiveness and maintain focus on our core business and operational efficiency," Chief Executive Pierroberto Folgiero said in a statement.
The group expects revenues to reach 12.5 billion euros in 2030, up from around 9 billion euros in 2025, with Earnings before interest, taxes, depreciation and amortisation (EBITDA) seen rising 90% to 1.25 billion euros at the end of the five years.
Net profit was forecast at 500 million euros in 2030, with a profit margin of about 4% by the end of the period.
The state-controlled group said it planned to invest in its Italian shipyards to double production capacity for the defence segment and reduce delivery times,
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