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Fincantieri SpA (FCT.MI)

FCT.MI on Milan Stock Exchange

0.65EUR
26 Nov 2020
Change (% chg)

€-0.01 (-1.21%)
Prev Close
€0.66
Open
€0.67
Day's High
€0.67
Day's Low
€0.64
Volume
2,686,575
Avg. Vol
1,734,070
52-wk High
€0.94
52-wk Low
€0.39

Latest Key Developments (Source: Significant Developments)

ABB Announces $150 Mln Order From Fincantieri
Tuesday, 17 Nov 2020 

Nov 17 (Reuters) - Abb Ltd ::ABB WINS MAJOR POWER AND PROPULSION ORDER FOR FIVE FINCANTIERI VESSELS.THE VESSELS WILL ENTER SERVICE BETWEEN 2023 AND 2026.ORDER OF AROUND $150 MILLION TO DELIVER A COMPREHENSIVE SCOPE OF TECHNOLOGIES TO POWER NEXT-GENERATION CRUISE SHIPS.VESSELS WILL ENTER SERVICE BETWEEN 2023 AND 2026.ABB WILL EQUIP FIVE NEWBUILD VESSELS WITH AZIPOD ELECTRIC PROPULSION.Further company coverage: ABBN.S. (Berlin Speed Desk). ((berlin.newsroom(at)thomsonreuters.com; +49 30 2201 33599;)).  Full Article

Italy's Fincantieri likely to present business plan with full-year results
Friday, 13 Nov 2020 

Nov 13 (Reuters) - Fincantieri Chief Financial Officer Giuseppe Dado says during an analyst call::NEW BUSINESS PLAN LIKELY TO BE ANNOUNCED WITH 2020 RESULTS.NET DEBT TO STABILIZE IN Q4, LEVEL REACHED IN 9-MONTHS IS THE PEAK.  Full Article

Fincantieri sees second half revenues in line with last year's
Friday, 13 Nov 2020 

Nov 13 (Reuters) - Fincantieri SpA ::EXPECTS 2020 SECOND-HALF REVENUES TO BE BROADLY IN LINE WITH 2019 H2 REVENUES - SLIDE.SAYS 3 CRUISE SHIPS ARE SCHEDULED FOR DELIVERY FROM ITS ITALIAN SHIPYARDS IN THE SECOND HALF OF THE YEAR - SLIDE.  Full Article

Fincantieri Q3 EBITDA At EUR 81 Mln
Thursday, 12 Nov 2020 

Nov 12 (Reuters) - Fincantieri SpA ::9-MONTH REVENUE EUR 3.53 BILLION VERSUS EUR 4.21 BILLION YEAR AGO.9-MONTH EBITDA EUR 200 MILLION VERSUS EUR 306 MILLION YEAR AGO.TOTAL BACKLOG AT END-SEPT EUR 36.8 BILLION.CEO SAYS CRUISE INDUSTRY IS GRADUALLY RECOVERING AND VALIDATES STRATEGY WHICH PRESERVES BACKLOG.CEO SAYS STRATEGY KEEPS PRODUCTION VISIBILITY UP TO 2027/2028.NO ORDER CANCELLATIONS AND CONSISTENT PROGRESS IN PRODUCTION.Q3 2020 REVENUES (EUR 1,165 MLN), EBITDA (EUR 81 MLN) AND MARGINS (7.0%) .  Full Article

Fincantieri Says H1 Revenues 2,369 Mln Euros At June 30, Down 15.6%
Friday, 31 Jul 2020 

July 30 (Reuters) - Fincantieri SpA ::FOR H1, REVENUES AT EURO 2,369 MILLION AT JUNE 30, 2020 (EURO 2,808 MILLION AT JUNE 30, 2019), DOWN BY 15.6%.FOR H1 EBITDA AT EURO 119 MILLION (EURO 227 MILLION AT JUNE 30, 2019).FOR H1 NEGATIVE NET INCOME AT EURO 137 MILLION (EURO 12 MILLION AT JUNE 30, 2019) NET OF COVID-19 RELATED.FINCANTIERI - FOR H1 TOTAL BACKLOG 117 SHIPS, WITH EURO 37.9 BILLION (EURO 32.7 BILLION AT DEC 31, 2019) EQUIVALENT TO ABOUT 6.5 TIMES 2019 REVENUES.FINCANTIERI - FOR H1 NEGATIVE ADJUSTED NET INCOME AT EURO 29 MILLION.  Full Article

Fincantieri Unit INSIS Acquires Majority Share In Support Logistic Services
Thursday, 2 Jul 2020 

July 2 (Reuters) - Fincantieri SpA ::SUBSIDIARY INSIS ACQUIRED A MAJORITY SHARE IN SUPPORT LOGISTIC SERVICES (SLS).SUPPORT LOGISTIC SERVICES SPECIALIZES IN RADAR, SATELLITE AND RADIO COMMUNICATIONS SYSTEMS FOR MILITARY AND CIVIL APPLICATIONS.  Full Article

Somec Wins Orders For About EUR 60 Mln For Made-In-Italy Luxury Cruises
Wednesday, 17 Jun 2020 

June 17 (Reuters) - Somec SpA ::ACQUIRED NEW ORDERS FOR APPROXIMATELY 60 MILLION EUROS IN SEASCAPE DIVISION - MARINE GLAZING AND MARINE COOKING EQUIPMENT SEGMENT.ORDERS COMMISSIONED BY FINCANTIERI.ORDERS CONSIST IN ENGINEERING, MANUFACTURING AND INSTALLATION OF GLASS ENVELOPES AND CATERING AREAS OF FOUR LUXURY-CLASS CRUISE SHIPS.ORDERS WILL ENTER IN PRODUCTION STARTING FROM 2022.  Full Article

Fincantieri Unit Enters Partnership With Bologna Stadio
Thursday, 4 Jun 2020 

June 4 (Reuters) - Fincantieri SpA ::FINCANTIERI INFRASTRUCTURE SIGNS PARTNERSHIP AGREEMENT WITH BOLOGNA STADIO FOR THE DESIGN AND CONSTRUCTION OF THE NEW DALL'ARA STADIUM.  Full Article

Fincantieri talks with Thyssenkrupp limited to submarine programme - general manager
Friday, 15 May 2020 

May 15 (Reuters) - Fincantieri General Manager Alberto Maestrini tells analysts on a post-results conference call::COMMENTING REPORT ON TALKS WITH THYSSENKRUPP RE FORMING WARSHIP CHAMPION, SAYS DISCUSSIONS LIMITED TO SUBMARINES PROGRAMME, LATTER SEEN AS "SOLID OPPORTUNITY TO TALK ABOUT FUTURE SCENARIOS OF EUROPEAN CONSOLIDATION".  Full Article

Fincantieri has not seen any orders cancelled due to virus - unions
Thursday, 14 May 2020 

May 14 (Reuters) - Fincantieri SpA ::HAS NOT SEEN ANY ORDER CANCELLATIONS DUE TO CORONAVIRUS - UNIONS.  Full Article