Shipbuilder Fincantieri registers ‘best quarterly results’ in its history

Shipbuilding giant Fincantieri has reported €2.38 billion in first-quarter revenue, an increase of 35% on 2024 levels.

The company’s Ebitda, a measure of profit, increased by 54% to €154 million which was driven by “solid performances” in all segments, but notably shipbuilding with 53% year-on-year growth.

Fincantieri also registered its “best ever” orders for the quarter, equating to €11.7 billion, up from €0.5 billion in the first quarter of 2024.

A total of four ships were delivered during the quarter and there are further deliveries scheduled up to 2036.

Fincantieri launched its “underwater operating segment” during the quarter, which generated €95 million in revenue and marked “a critical step” in strengthening its future position in defence and subsea infrastructure.

Looking ahead to 2025, the shipbuilder upheld its guidance from its 2024 full-year results.

Fincantieri chief executive officer and general manager Pierroberto Folgiero said: “We have entered a strategic domain of very high technological complexity, where the ability to integrate advanced systems and develop dual-use solutions will be decisive for European competitiveness and national security.

“This positioning further strengthens our role as a technology enabler in the defence and critical submarine infrastructure domain.

“The first quarter of 2025 marks the best result in our history, with Ebitda growth of 54% and an unprecedented order backlog.

“These are the results of a long-term strategic vision based on rigorous financial discipline, solid industrial governance, and a strong ability to turn innovation into concrete solutions.”

Pictured: Norwegian Aqua constructed by Fincantieri