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.