Investing in Fincantieri

230 YEARS OF HISTORY
+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.
OUR PRODUCTS
F4 | FAST. FORWARD. FURTHER. FUTURE.

With the 2026-2030 Business Plan, Fincantieri fully captures the opportunities offered by the growth macro trend in all its businesses, adapting the Group’s strength and production flexibility globally to meet the expected demand in the coming years. The Plan is divided into divisional, transversal and inorganic initiatives based on 4 strategic pillars: (i) increase in production capacity ("capacity boost"); (ii) productivity increase; (iii) strengthening of ongoing strategic projects; (iv) growth in adjacencies.

Through these initiatives, the Group aims to strengthen its global footprint, enhance production efficiency and further develop its portfolio of highly technological solutions, supported by targeted investments and a reconfiguration of its system of shipyards to increase its capacity and enhance profitability.

INDUSTRIAL PLAN
Fincantieri | Investing in Fincantieri: A group of shipyard workers poses in front of a large vessel during the launching ceremony. The setting is an industrial shipyard with cranes and buildings visible in the background. The workers wear uniforms and safety equipment, including helmets. The ship is decorated for the occasion, and the scene is captured under a partly cloudy sky.
SHIPBUILDING OFFSHORE & SPECIAL VESSELS UNDERWATER INFRASTRUCTURE
CRUISE DEFENSE
OVER 40% MARKET SHARE 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 PARTNER OF CHOICE 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
Fincantieri | Investing in Fincantieri: Monochromatic circular infographic with three sections dedicated to leadership and growth, vertical innovation, and sustainable production, white Italian text on a black background, minimalist style.
Fincantieri | Investing in Fincantieri: Monochromatic circular infographic with three sections dedicated to leadership and growth, vertical innovation, and sustainable production, white Italian text on a black background, minimalist style.
A UNIQUE EQUITY STORY
WE ARE A GLOBAL LEADER IN HIGH-TECH SHIPBUILDING
Fincantieri – Investing in Fincantieri: Low-angle view of a large ship in a dry dock, with propellers and rudders clearly visible; a group of people in uniforms and helmets stands under the hull, industrial setting, sunlight illuminating parts of the hull.
Fincantieri - Investing in Fincantieri: Low-angle view of a large ship in dry dock, propellers and rudders clearly visible, group of people wearing uniforms and helmets under the hull, industrial environment, sunlight illuminating parts of the hull.
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.
Fincantieri - Investing in Fincantieri: Monochromatic bar chart with five columns of varying heights, numerical values “35.1”, “1.8”, “2.7”, “3.0”, “44.9” on the bars, text “15.8 average per week” on the right, minimalist design focused on data representation.
Fincantieri - Investing in Fincantieri: Monochromatic bar chart with five columns of varying heights, numerical values “35.1”, “1.8”, “2.7”, “3.0”, “44.9” on the bars, text “15.8 average per week” on the right, minimalist design focused on data representation.
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 %
Fincantieri - Investing in Fincantieri: Manager Folgiero in dark blue suit, white shirt, and patterned tie, standing with arms crossed, silver watch visible on wrist, minimal white background.
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.
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SUSTAINABILITY
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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.
SUSTAINABILITY