Fincantieri S.p.A. (0QWN) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the Chorus Call Conference Operator. Welcome and thank you for joining Fincantieri 9-month 2025 Results Conference Call. As a reminder, all participants are in list and 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. Folgiero, Chief Executive Officer and Managing Director. Please go ahead, sir. Good afternoon, ladies and gentlemen, and thank you for joining us today to discuss Fincantieri's nine-month 2025 results. We are pleased to present another solid set of results building on the positive trajectory of the first half of the year. Revenue growth remains robust across all segments, supported by favorable market tailwinds, while increased operational efficiency includes an higher contribution from the defense business, keep driving margin expansion at the group level. Our underwater segment is growing according to plan and continues to deliver premium margins, strengthening its position as a key value and profitability driver for the group. We also enjoy exceptional visibility on our long-term business outlook, backed by a record-high backlog that provides a strong foundation for future growth. Finally, our initiatives to improve working capital dynamics are supporting our rapid leveraging trajectory, enhancing both financial flexibility and capital efficiency. Let's now move to page four for a brief summary of the financial and commercial highlights of this video. Revenues grew by 20.5% year-on-year to €6,725,000,000, supported by strong contribution from all business segments, in particular shipbuilding. We also achie...