Investing in Fincantieri
230 YEARS OF HISTORY
+7,000 SHIPS BUILT
+7,000 SHIPS BUILT
WE ARE THE LEADING GLOBAL PLAYER IN HIGH-TECH NAVAL ENGINEERING
One of the world’s top shipbuilding groups and the leading Western shipbuilder, the only one active across all high-tech naval sectors: cruise, defense, offshore and special vessels, underwater.
This distinctive business model, combined with an industrial approach focused on continuous innovation in products and construction processes and our proven execution capabilities, ensures us a strong competitive position.
One of the world’s top shipbuilding groups and the leading Western shipbuilder, the only one active across all high-tech naval sectors: cruise, defense, offshore and special vessels, underwater.
This distinctive business model, combined with an industrial approach focused on continuous innovation in products and construction processes and our proven execution capabilities, ensures us a strong competitive position.
A GLOBAL GROUP WITH AN ITALIAN IDENTITY
We have successfully diversified our activities while maintaining a focus on our core business, leveraging a global production capacity and a solid customer base.
Our growth path is outlined in the 2023-2027 Strategic Plan, which aims to strengthen our leadership in an increasingly complex sector by overseeing the growth of the cruise and offshore markets, continuing to focus on the defense market at both national and international levels, and expanding into the underwater market, offering services throughout the entire life cycle of ships, which are increasingly green and digital.
| SHIPBUILDING | OFFSHORE & SPECIAL VESSELS | UNDERWATER | INFRASTRUCTURE | |
| CRUISE | DEFENSE | |||
| OVER 40% MARKET SHARE | MAIN PARTNER OF THE US NAVY | IMPORTANT PLAYER IN OFFSHORE WIND, WITH OVER 30% SHARE OF THE ORDER BOOK FOR CS0V AND SOV¹ | LAUNCH OF THE NEW OPERATIONAL SEGMENT DEDICATED TO 'UNDERWATER' IN 1Q25 | INFRASTRUCTURAL CAPABILITIES IN SECTORS ADJACENT TO NAVAL MECHANICS |
| DIVERSIFIED CUSTOMER BASE AND EXTENSIVE MARKET PRESENCE | SOLE SUPPLIER OF THE ITALIAN NAVY | HISTORICAL LEADERSHIP IN OSV² FOR THE OIL & GAS SECTOR | CONSOLIDATED EXPERTISE IN CONVENTIONAL UNDERWATER TECHNOLOGIES (SUBMARINES, EFFECTORS, SONAR) | EPC CONTRACTOR WITH EXTENSIVE EXPERIENCE IN COMPLEX INFRASTRUCTURE CONSTRUCTION |
| KEY PARTNER FOR WORLD-CLASS MILITARY NAVIES | EXTENSIVE CROSS-FUNCTIONAL EXPERTISE, FROM THE SURFACE TO THE SEABED, WITH A HOLISTIC APPROACH ACROSS THE ENTIRE VALUE CHAIN | |||
OUR DISTINCTIVE FEATURES
+20,000 employees, including over 11,000 in Italy
+50,000 people involved in the supply chain
+50,000 people involved in the supply chain
A UNIQUE EQUITY STORY
WE ARE A GLOBAL LEADER IN HIGH-TECH SHIPBUILDING
We are characterized by strong vertical integration – from design to production to services – which allows us to manage the entire product life cycle, leveraging innovation and digitalization. Our unique business model, featuring full-line presence across all sectors of high-complexity shipbuilding, also enables continuous cross-fertilization among our business segments and the ability to develop dual-use solutions (commercial and defense).
We leverage long-term growth prospects across all our business segments
With a total workload that as of September 30, 2025 stood at €61.1 billion (equal to 7.5 times 2024 revenues), supported by strong commercial momentum across all our business sectors. The record level of new orders in 2024, along with additional orders secured at the beginning of 2025, extends backlog visibility through 2036.
TOTAL WORKLOAD AS OF 09/30/2025
61.1 bln €
7.5 times 2024 revenues
LEVERAGE RATIO AT 2.6x, AHEAD OF THE DELEVERAGING PATH ENVISAGED IN THE BUSINESS PLAN
Net debt at euro 1,648 million, marginally lower than euro 1,668 million, recorded in FY 2024, excluding the temporary effect of the capital increase related to the acquisition of WASS Submarine Systems, with a leverage ratio (Net debt / EBITDA LTM) of 2.6x, improving further compared to the ratio of 3.3x recorded as of 31 December 2024
DEBT RATIO (NFP/EBITDA) as of 09/30/2025
2.6 x
further reduced compared to the 3.3x ratio recorded as of December 31, 2024
We have demonstrated our ability to grow, improve margins, and reduce debt.
Thanks to a diversified product mix and higher-quality profits, leveraging an approach grounded in financial discipline, operational excellence, and innovation. Our revenue has grown steadily over the past few years, rising from €7.4 billion in 2022 to €8.1 billion in 2024, while the operating margin increased from 5.2% in 2023 to 6.3% in 2024. In 2024, we exceeded all our financial targets, achieving net profit one year ahead of the business plan.
FINANCIAL DATA
REVENUE IN BILLIONS
IN 2024
8,1 bln €
COMPARED TO €7.4 BILLION IN 2022
OPERATING MARGIN IN 2024
6,3 %
COMPARED TO 5.2% IN 2023
we are strengthening our position as a leading player in the underwater sector
Through acquisitions and agreements, we are strengthening our position as a leading player in the underwater sector, a high-growth area driven by geopolitical shifts and rising demand for advanced technologies. We expect this business segment to generate revenues of €660 million in 2025 and reach €820 million by 2027, with an EBITDA margin climbing to 18.5% by 2027, significantly outperforming our traditional shipbuilding operations. We are reinforcing our role as a technology integrator in the defense, civil, and dual-use sectors, unlocking potential upsides and cross-fertilization opportunities across our existing businesses.
EXPECTED REVENUES IN 2025
660 mln €
UP TO €880 MILLION IN 2027
EXPECTED EBITDA MARGIN IN 2027
18,5 %
OUR MANAGEMENT TEAM
Drawing on its experience and proven track record, our management team is demonstrating commitment and entrepreneurship to achieve and surpass the targets of the 2023–2027 strategic plan.
SUSTAINABILITY
Fincantieri’s strategic vision on sustainability is embodied in the Sustainability Plan, which translates the Group’s commitments—outlined in the Sustainability Commitments Charter—into qualitative and quantitative objectives that are measurable over time. The Plan fully incorporates the ten principles of the UN Global Compact and contributes to achieving the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda.