Fincantieri S.p.A. (0QWN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is a course called Conference Operator. Welcome and thank you for joining the Fincantieri first half 2025 results presentation conference call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions by pressing star and 1 at any time. Should anyone need assistance during the conference call, they may signal an operator by pressing star and 0 on their telephone. At this time, I would like to turn the conference over to Mr. Pierroberto Folgiero, CEO and Managing Director. Please go ahead, sir. Good afternoon, ladies and gentlemen, and thank you for joining us on today's call to discuss Fincantieri's first half 2025 results. We are pleased to present a strong set of results for the first half of the year, building on a highly successful 2024 and equally positive first quarter of 2025. We recorded a solid performance in all of our key financials and metrics, putting the group firmly on track to achieve its 2025 guidance for revenues and margins and to improve our guidance on leverage with a net debt to EBITDA range of 2.723 times. Let's now move to page four for a brief summary of the financial and commercial highlights of the first half of the year. Revenues increased by 24.3% year-on-year to €4,576,000,000, underpinned by a positive contribution from all segments, in particular shipbuilding, confirming the group trend of the first quarter. Thanks to the virtuous path pursued by Fincantieri over the last years, we delivered also a significant increase in profitability, with EBITDA posting an impressive double-digit growth of 45.3%, reaching €311 million. EBITDA margin grew to 6.8%, with a market improvement compared to 6.3% at year end of 2024 and increasing by 100 basis points ...