A primary quarter with “strong efficiency” and “all the primary indicators rising”. Thus Fincantieri introduced the accounts for the start of 2024 to the market, which file a optimistic gross working margin of 100 million within the first quarter (+15.8%) on steady revenues of 1.767 billion (+0.2%), equal to a margin of 5.7%, an enchancment from 4.9% a yr in the past.
A notice particulars that orders dropped by 40.7% to 539 million, a determine that doesn’t embody the 1.18 billion contract signed with the Indonesian Ministry of Protection for 2 patrol boats which awaits authorization from the competent establishments. The entire quantity of orders within the pipeline on the finish of March quantities to 22 billion and consists of 85 ships due for supply by 2030.
The underwater protection sector
Fincantieri buys Wass sonars in settlement with Leonardo
of Sarah Bennewitz
On the finish of March, internet monetary debt was 2.413 billion (2.92 billion in March 2023 and a couple of.27 billion in December 2023). The group confirms the debt discount goal to carry the ratio between the online monetary place and the ebitda within the vary of 5.5 and 6.5 instances on the finish of the yr. The 2024 steerage has been confirmed which estimates revenues at 8 billion (+4.5%) and the EBITDA margin at round 6% (1 share level greater than 2023).
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– 2024-05-15 16:58:35
