Fincantieri Targets 40% Revenue Growth by 2030 with Five-Year Plan
Italian shipbuilder Fincantieri on Tuesday set a goal of a 40% rise in revenues and a near doubling of core profits in its new five-year plan, expanding to the defence and underwater businesses while keeping its leadership on cruise ships.The 2026-2030 strategy, dubbed "F4 Fast Forward Further Future" and expected to be detailed in the first months of next year, forecasts more than 50 billion euros ($58.79 billion) of new orders, particularly in the defence sector."With this plan…
Fincantieri Presents Underwater Segment, Revenue Expected to Reach 920 Million in 2027
During the DEEPDIVE - Analyst and Investor Underwater Day held in Milan, Fincantieri presented its long-term strategic vision for the development of its underwater segment to the financial community.Accounting for about 4% of Group revenue in 2024, the segment is set to double in 2027, reaching 8%, with expected revenue of approximately USD$920 million (820 million euros) and estimated EBITDA of USD$170 million (152 million euros), with an EBITDA margin approaching 19%. Forecast results for 2025 and 2026 confirm the strength of this trend…
Fincantieri: Strong Growth in Q1 2025
Fincantieri has shared its interim financial results for the first quarter of 2025, showcasing growth across all business segments and achieving its best ever quarter in terms of new orders.Key highlights from the report include:Below are the key highlights from the report:Revenues totalled €2,376 million, up 35% compared to Q1 2024 (€1,767 million).EBITDA: €154 million, a 54% increase from Q1 2024 (€100 million), driven by strong performances in all segments, especially Shipbuilding (+53%).EBITDA margin: 6.5%…
Wasaline: Strong First Quarter
Wasaline reports a strong first quarter for 2025. Revenue increased by 7.5%, setting a new record for the first quarter of the year. Both passenger traffic for cars and buses reached record levels. The freight business also showed a strong quarter, with a 10% increase. Despite March 2024 being an exceptionally strong month, cargo increased in both the number of units and in tonnage during the first quarter of the year.Energy consumption decreased by a total of 19.5%, even though the number of trips increased by 2.8%. Pertrip, energy consumption dropped by 21.7%, and carbon dioxide emissions were reduced by 23.2% fromalready low levels.
VIKING Notes 2024 Total Revenue
VIKING Life-Saving Equipment notes a total annual revenue for 2024 of $500 million and pre-tax profit of $65 million. 2024 has seen growth in all customer segments, including commercial shipping, offshore, cruise and ferries, and defense and professional.The figures in recent years mean that VIKING already reached its strategic goals for 2025 last year. The company has now entered a new strategy period and the growth is expected to continue, but at a more normal pace.Key figures over the past five years.
SAAM Reports '24 Results
SAAM (SM SAAM) reported net income from continuing operations of $59.2 million for 2024, EBITDA of $188 million (+17% vs. 2023) and revenue of $578 million (+7%). During the year it also completed the process of integrating the assets acquired from Starnav in Brazil and Pertraly in Ecuador. It also reported net income from discontinued operations of $479 million from its port terminal and inland logistics operations sold in August 2023. The company also reported that the Board of Directors agreed to propose a final dividend of $39.2 million to shareholders at the annual general meeting.
