Fincantieri has announced its 2018 financial figures: revenues rose to 5.5 billion euros (+9%) and Ebitda reached 414 million (+21%). Record overall workload: 116 ships, 33.8 billion (+29%).
New orders totalled 8.6 billion, with new contracts for 27 ships, 14 of which are cruise ships from eight different owners. The Shipbuilding sector performed very well, with last year’s delivery of 35 vessels from 15 different plants. The adjusted operating result was 108 million euro (+19%), while the operating result was 69 million euro (+30%).
Fincantieri has its own Fincantieriyachts department oriented towards the production of megayachts, but above all, it is one of the most important shipbuilding complexes in the world. The company is a leader in the design and construction of cruise ships, operating in all sectors of high-tech shipbuilding, from military ships to offshore, from special ships to highly complex ferries, as well as in ship refit and conversions.
The latest figures are those emerging from the consolidated financial statements approved by the Board of Directors. CEO Giuseppe Bono stated that the Group aims to increase volumes by about 50% by 2022: “The results are once again showing that our company is a leader, a true reference in the world shipbuilding industry”.
In 2018 Fincantieri also signed the agreement for the acquisition of 50% of Chantiers de l’Atlantique, formerly STX France (an operation that must await the approval of the Antitrust Authority to be concluded) and have been laid the foundations for the joint venture with the French Naval Group in the military field.
Since 2005, Fincantieriyachts has established itself on the market by designing and building full-custom yachts with a length of more than 100 metres. Since the company entered the business, it has delivered the 134-metre Serene (2011) and the 140-metre Ocean Victory (2014). In 2018 it decided to enter the recreational ship market under one hundred meters long with the Griffin Series, which includes models of 66, 77, 88 and 99 meters. The first one to be launched will be the “smallest” of the range, the 66 meters.
Project: Christopher Seymour (exterior design) – Guido de Groot (interior design) – Carl Esch (supervision)
Hull: Overall length 66.0 m – Hull beam 12.3 m – Draught 3.80 m – Tonnage 1575 GRT – Guest cabins 6 for 12 people – Crew 15 – Maximum speed 17 knots
(Fincantieri, the figures are on its side… – Barchemagazine.com – March 2019)