Independent journal on economy and transport policy
07:48 GMT+1
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In the first half of the year, Fincantieri recorded growth in revenues and a decline in new orders
The period was closed with a net loss of -234 million euros
July 27, 2022
In the first six months of 2022 the value of new orders acquired from the company was 1.52 billion euros, with a decrease of -13% on the corresponding period last year, of which 691 million in the Shipbuilding segment (-36%), 445 million in Offshore and special ships (+167%) and 704 million in the segment Systems, components and services (+5%). At 30 June the value of the group's order book amounted to €35.72 billion, down by -7% on 30 June 2021.
Commenting on the results achieved by the company in the first part of 2022 the CEO of Fincantieri, Pierroberto Folgiero, focused on the trend of the second quarter, a period in which if revenues have increased by about +15% on the same quarter of 2021, new orders have instead accused a decrease of -29%: "the trend economic of the second quarter - explained Folgiero - is state negatively characterized by a strategic review on the non-core business portfolio, from the effects on the prices of raw materials resulting from the Russian-Ukrainian War, and from others non-recurring matches. The company - said Folgiero - in the the coming months will pursue an ever greater concentration on the core business of Shipbuilding, directing the expected growth in the military sector and the restart of the cruise sector; such route will also be characterized by a large focus on new digital and green solutions that increase in time the "distinctiveness" of great leadership of Fincantieri in the international shipbuilding industry. Likewise, the group will pursue with increasing attention to industrial projects aimed at the operational excellence of own construction sites in Italy and abroad as well as devoting maximum care the development of its significant human capital".
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In the first six months of 2022 the value of new orders acquired from the company was 1.52 billion euros, with a decrease of -13% on the corresponding period last year, of which 691 million in the Shipbuilding segment (-36%), 445 million in Offshore and special ships (+167%) and 704 million in the segment Systems, components and services (+5%). At 30 June the value of the group's order book amounted to €35.72 billion, down by -7% on 30 June 2021.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
