Fincantieri 9M 2020 results

Revenues at euro 3,534 million (euro 4,217 million at September 30, 2019),down by 16.2%, negatively affected by the lower production value led by COVID-19 outbreak: production hours -19% compared to the ones originally planned (3.1 million of production hours of which 2.7 million hours related to 2020 first half) and euro 945 million loss in revenues
EBITDA, at euro 200 million, impacted by the downturn in production volumes of the Group’s Italian sites (euro 306 million at September 30, 2019) with an EBITDA margin of 5.7%, up from 5.0% of the first half of the year (7.3% at September 30, 2019). The postponement of production programs led to an EBITDA shortage of approximately euro 71 million.

Full report here https://www.fincantieri.com/en/media/press-releases/2020/the-bod-approves-9m-2020-results/

Nov 13 2020