Fincantieri 1H 2021 results

Consolidated 1H 2021 results

2021 guidance confirmed: revenues up by over 25% and EBITDA margin at 7% despite increasing commodities’ prices.
Revenues at euro 3,026 million, up by 28% compared to 1H 2020 (euro 2,369 million).
EBITDA at euro 219 million (+84% vs. 1H 2020) and EBITDA margin at 7.2%, excluding pass-through activities (vs. 5.0% in 1H 2020).

Positive Adjusted Net Income at euro 49 million(negative at euro 29 million in 1H 2020).
Positive Net Income at euro 7 million (negative at 137 million in 1H 2020), net of asbestos-related (euro 29 million) and COVID-19 related (euro 22 million) extraordinary items.
Net Debt at euro 1,617 million (euro 1,062 million at December 31, 2020), steady in the quarter and consistent with the production program and the deliveries schedule (three cruise ships delivered in July for an overall amount of approx. euro 1.5 billion); year-end 2021 expected to be in line with FY 2020

Full report https://www.fincantieri.com/en/media/press-releases/2021/the-bod-approves-1h-2021-results/

Jul 29 2021