Fincantieri S.p.A. (0QWN) Q1 2026 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 twenty twenty six Results Conference Call. As a reminder, all participants are in listen only mode and after the presentation, there will be an opportunity to ask questions. At this time, I would like to turn the conference over to Mr. Fuggero, Chief Executive Officer and Managing Director. Please go ahead, Ladies and gentlemen, please hold the line. The conference will resume shortly. Ladies and gentlemen, please hold the line. The conference will resume shortly. Ladies and gentlemen, please hold the line. The conference will resume shortly. Thank you. Apologies for the technical issue. We will start again. So, we are pleased to present another strong set of results, which further demonstrates Fincantieri's ability to capitalize on favorable macro trends, while maintaining financial discipline and ensuring consistent execution of its backlog. The strong momentum builds upon a remarkable 2025 and provides a solid foundation to support the group's growth strategy. We achieved a solid revenue performance despite the unfavorable comparison with a particularly strong Q1 twenty twenty five, which benefited from the order for two PPA units for the Indonesian Navy. Revenues visibility for the rest of the year and beyond is very clear supported by the group's significant long term backlog. We delivered a far term material improvement in EBITDA margin of approximately one percentage point year on year reaching 7.4% in Q1 twenty twenty six, reflecting a remarkable increase in profitability across all segments and the strong commitment on operational efficiency, cost discipline and execution excellence. On the commercial front, we achieved a new record hi...