Fincantieri S.p.A. (0QWN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, this is the Chorus Call Conference Operator. Welcome, and thank you for joining the Fincantieri First Quarter 2025 Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Folgero, Chief Executive Officer and Managing Director. Please go ahead, sir. Good afternoon, ladies and gentlemen, and thank you for joining us on Fincantieri's first quarter 2025 results conference call. We are pleased to present a strong set of results for the first quarter of the year, building on an highly successful 2024. We continue to see the tangible results of our strategy well ahead of our plan and are consistently delivering substantial value generation for Fincantieri and its stakeholders. We recorded a solid performance in all of our key financial metrics, putting the group firmly on track to achieve its 2025 guidance. Following the recent acquisitions, we launched the new underwater segment which marks a key milestone in the Group's industrial vision. Further details will be provided in the upcoming pages. Let's now move to page four for a brief summary of the financial and commercial highlights for Q1 2025. Revenues increased by 34.5 percent year-on-year to 2.376 million euro. underpinned by a positive contribution from all segments. In particular, shipbuilding, which posted at 39.5% growth compared to the first quarter of 2024, also thanks to the positive impact of the Indonesia contract. Thanks to the virtuous path pursued by Fincantieri over the last years, we are also delivering...