Fincantieri raises 2026 guidance on the back of strong Q1 orders
11/05/2026 13:04
Corrects time period in paragraph 2 to January to March, not January to February ROME, May 11 (Reuters) - Italian shipbuilder Fincantieri FCT.MI on Monday revised upwards its full-year guidance for revenue, core profit and net profit on the back of strong orders in the first months of the year. New orders were down just over 70% to 3.4 billion euros ($4.00 billion) in the first quarter compared to 2025, but these did not include large contracts which were signed but not accounted for from January to March, the group said in a statement. The state-controlled group said that in the first months of the year it had surpassed a target of 11 billion euros ($12.95 billion) in new contracts it had set for the whole of 2026. "The first quarter of 2026 confirms the consistency and strength of the Group's growth trajectory," Chief Executive Pierroberto Folgiero said in a statement. "Commercial performance has reached a new milestone, with the highest-ever backlog of 74.2 billion euros, providing visibility on deliveries further extended through 2039," he added. ($1 = 0.8500 euros) (Reporting by Giulia Segreti, editing by Gavin Jones) ((Giulia.Segreti@tr.com; +39.06.80307714;))