(Reuters) -Fincantieri reported a 53.5% rise in first-quarter core profit to 154 million euros ($170.72 million) driven by strong performance across all segments, particularly in shipbuilding, and increased revenues in the defence business.
Revenues jumped to 2.38 billion euros, up 35% from the same period in 2024, and Fincantieri’s total backlog amounted to 57.6 billion euros, the Trieste-based group said on Monday.
“The increase in revenues in the defence segment and the consolidation of our three dimensions – cruise, defence and offshore – confirm the effectiveness of our integrated business model,” said Pierroberto Folgiero, CEO and General Manager of Fincantieri.
Fincantieri confirmed its forecasts for 2025, while its order intake so far this year soared to 11.71 billion euros, equal to 76% of the entire record value achieved in 2024.
($1 = 0.9020 euros)
(Reporting by Laura Contemori, Editing by Louise Heavens)
