Fincantieri reports income boost for first half of 2018

Fincantieri reported an income of €2,527 million for the first half of 2018, a 10 per cent increase over the same period last year.

Fincantieri's CEO attributed the company’s increasing revenues, profits and margins to its “ability to acquire new orders”.

The company saw a seven per cent increase in profits from its shipbuilding sector and a 25.9 per cent increase to its offshore sector, from €448 million to €564 million.

At June 30, 2018 the Fincantieri’s order portfolio consisted of 99 ships, which increased to 109 with the orders acquired during the month of July.

Last modified onMonday, 30 July 2018 15:13
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