Giuseppe Bono, Chief Executive Officer of Fincantieri, said: “Throughout 2020, the pandemic put a severe strain on the global economy, painfully impacting all industries and especially large-scale enterprises. In such a scenario, we have proven our prompt responsiveness, by rescheduling our production programs and adjusting our operational processes accordingly. Fourth quarter results show further progresses with respect to those already made in the previous quarter, as evidenced by the order intake at EUR 4.5 billion, the total backlog confirmed at more than EUR 35 billion with 97 vessels, and deliveries stretching up to 2029. Therefore, we should be proud of the Group’s response, as we managed to deliver 7 cruise vessels thanks to the strong relationships with our clients, and achieved prestigious successes in Naval, including the historic contract for the US Navy frigates. Moreover, in 2020 we focused even more on high-tech sectors. One for all, infrastructures: with the new Genoa bridge, we gave evidence of our ability to deliver very complex products on schedule”. Bono concluded: “As long as scientific progress is made in treatments and vaccines, we expect a growth of 25%, led by our considerable backlog, as well as improving marginality and return to profit”.

Full report https://www.fincantieri.com/en/media/press-releases/2021/bod-approves-2020-consolidated-financial-statements-and-draft-financial-statements-of-the-parent-company/