Shipbuilding giant Fincantieri has reported a return to profit in 2024 ahead of its forecasts.
The Italian company reported a net profit of €27 million for the full-year, compared to a net loss of €53 million in 2023.
The shipbuilder also more than doubled its order intake to €15.4 billion in 2024 compared to the previous year.
The company delivered 20 ships in 2024 and has total orders for 98.
There are deliveries scheduled until 2036, including an order for four new ‘jumbo’ vessels from Norwegian Cruise Line signed in February 2025, adding to other contracts with Crystal, Viking and Carnival Corporation.
Overall earnings [Ebitda] also rose by 28% to €509 million.
Fincantieri forecasts revenues of approximately €9 billion for 2025.
Pierroberto Folgiero, Fincantieri chief executive officer and general manager, said: “2024 has been a remarkable year for Fincantieri, in which we have begun to reap the first results of our strategy and industrial vision.
“The return to profitability, one year ahead of the business plan estimates, is a clear evidence of this.
“In a geopolitical context characterised by significant discontinuities, we maintained our full focus on execution and commercial development, leveraging our leadership in an increasingly complex sector.”
He added: “The growth in ebitda, both in absolute terms and as a percentage, together with the record backlog and order intake, highlights our operational discipline and the market’s confidence in our ability to provide concrete and innovative solutions.
“We look to the future with entrepreneurial courage, confident that this solidity will enable us to accelerate in addressing the international challenges of the naval industry, both civil and military, investing in the evolution of clean and digital ships, ensuring long-term competitiveness to our supply chain.”