Shipbuilder Fincantieri's profit soars 150%, confirms 2026 targets
25/03/2026 11:47
March 25 (Reuters) - Italian shipbuilder Fincantieri FCT.MI reported a 150% rise in its yearly adjusted net profit to 143 million euros ($166 million) on Wednesday, boosted by its underwater business line that saw 88% revenue growth. The Trieste-based company reiterated its 2026 targets for revenue of 9.2 billion to 9.3 billion euros, a core profit (EBITDA) margin of around 7.5% and an increased net profit. Fincantieri's order intake reached 20.3 billion euros last year, up 32% compared to 2024. ($1 = 0.8617 euros) (Reporting by Romolo Tosiani, Mirko Miorelli in Gdansk, Giulia Segreti in Rome, editing by Milla Nissi-Prussak) ((Mirko.miorelli@thomsonreuters.com))