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Fincantieri SpA (FCT.MI)

FCT.MI on Milan Stock Exchange

0.89EUR
13 Dec 2019
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Latest Key Developments (Source: Significant Developments)

Fincantieri Signs MoA With Ponant For Construction Of 2 Cruise Ships
Wednesday, 20 Nov 2019 

Nov 20 (Reuters) - Fincantieri SpA ::SIGNS MEMORANDUM OF AGREEMENT (MOA) WITH PONANT FOR CONSTRUCTION OF 2 NEW GENERATION CRUISE SHIPS.DEAL VALUE EUR 300 MILLION FOR DESIGN AND BUILT OF 2 CRUISE SHIPS.DELIVERY OF 2 CRUISE SHIPS EXPECTED IN 2022.  Full Article

Fincantieri does not rule out impairment of Vard unit
Friday, 8 Nov 2019 

Nov 8 (Reuters) - Fincantieri CFO Giuseppe Dado and General Manager Alberto Maestrini tell analysts at a post-result conference call::FINCANTIERI CFO SAYS EFFORTS TO RESTRUCTURE VARD SHIPYARD ONGOING, ESTIMATES OF POTENTIAL ADDITIONAL COST WILL BE INCLUDED IN GROUP RESULTS.FINCANTIERI EXEC SAYS DOES NOT CONFIRM EBITDA MARGIN GUIDANCE FOR FY 2019.FINCANTIERI CFO SAYS BUSINESS FUNDAMENTALS REMAIN INTACT BUT "WE HAVE TO TAKE TOUGH DECISIONS".FINCANTIERI CFO SAYS GROUP HAS CLOSED 2 YARDS IN NORWAY AND IS STILL REVIEWING OUTPUT CAPACITY IN THE COUNTRY.FINCANTIERI EXEC, ASKED ABOUT A POSSIBLE IMPAIRMENT ON VARD UNIT, SAYS "WE WILL SEE".  Full Article

Fincantieri 9-Mth EBITDA Up At EUR 287 Mln
Thursday, 7 Nov 2019 

Nov 8 (Reuters) - Fincantieri SpA ::REPORTED ON THURSDAY 9-MONTH REVENUE EUR 4.25 BLN VS EUR 3.88 BLN YEAR AGO.9-MONTH EBITDA EUR 287 MLN VS EUR 281 MLN YEAR AGO.TOTAL BACKLOG AT END-SEPT EUR 32.3 BLN.NET FINANCIAL POSITION IS EXPECTED TO SLIGHTLY IMPROVE BY END 2019.  Full Article

France says favours Fincantierie-Chantiers de l'Atlantique tie-up
Wednesday, 30 Oct 2019 

Oct 30 (Reuters) - Fincantieri SpA ::FRENCH FINANCE MINISTRY SAYS REMAINS IN FAVOUR OF TIE-UP BETWEEN CHANTIERS DE L’ATLANTIQUE AND FINCANTIERI.FRENCH FINANCE MINISTRY SAYS "WE ARE CONVINCED THAT CONSOLIDATION IN THE EUROPEAN SHIPBUILDING WILL BOOST ITS COMPETITIVENESS".  Full Article

Eni, Fincantieri, Terna and CDP Sign Agreement To Set Up A Company For Wave-Energy Power Plants Development
Monday, 28 Oct 2019 

Oct 28 (Reuters) - Eni , ITALIAN STATE LENDER CDP, FINCANTIERI AND TERNA ::SIGN AGREEMENT TO SET UP A COMPANY FOR DEVELOPMENT AND MANUFACTURING OF WAVE-ENERGY POWER PLANTS.PARTNERSHIP AGREEMENT WILL FOCUS ON TWO PHASES.FIRST INERTIAL SEA WAVE ENERGY CONVERTER (ISWEC) INDUSTRIAL INSTALLATION WILL BE COMPLETED NEAR ENI'S PREZIOSO PLATFORM IN STRAIT OF SICILY WITH LAUNCH PLANNED FOR H2 2020.  Full Article

Fincantieri Wins Order From Chantiers De L'atlantique For French Navy
Thursday, 24 Oct 2019 

Oct 24 (Reuters) - Fincantieri SpA ::WINS ORDER FROM CHANTIERS DE L'ATLANTIQUE FOR CONSTRUCTION OF BOW SECTIONS OF FOUR LOGISTIC SUPPORT UNITS BASED ON PROJECT OF ITALIAN UNIT "VULCANO".ORDER FROM CHANTIERS DE L'ATLANTIQUE IN PART OF FRENCH FLOTLOG PROGRAM.DELIVERIES OF BOW SECTIONS SCHEDULED BETWEEN 2021 AND 2027.  Full Article

Fincantieri does not see EU decision on Chantieres de L'Atlantique deal before year end
Friday, 6 Sep 2019 

Sept 6 (Reuters) - Fincantieri SpA chairman Giampiero Massolo says::GROUP WILL NOTIFY EU COMMISSION BY END-SEPT OF DEAL TO BUY CHANTIERES DE L’ATLANTIQUE.DOESN'T EXPECT EU DECISION ON DEAL BEFORE YEAR-END.  Full Article

Fincantieri has strong advantage on FFG(X) contract for U.S. Navy
Thursday, 25 Jul 2019 

July 25 (Reuters) - Fincantieri General Manager Alberto Maestrini tells analysts at a post-result conference call::GROUP HAS STRONG TECHNICAL ADVANTAGE ON FFG (X) PROGRAM FOR U.S. NAVY.  Full Article

Fincantieri H1 Revenue Up At EUR 2.84 Bln, Confirms 2019 Guidance
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Fincantieri SpA ::H1 REVENUE EUR 2.84 BILLION VERSUS EUR 2.53 BILLION YEAR AGO.H1 EBITDA EUR 215 MILLION, UP 17% YEAR/YEAR.H1 NET PROFIT ADJUSTED EUR 34 MILLION VERSUS EUR 39 MILLION YEAR AGO.TOTAL BACKLOG AT END-JUNE EUR 33.1 BILLION.ORDER INTAKE AT END-JUNE EUR 6.6 BILLION.CONFIRM OF THE 2019 GROUP GUIDANCE.  Full Article

Fincantieri and Naval Group Sign Joint Venture Agreement
Friday, 14 Jun 2019 

June 14 (Reuters) - Fincantieri SpA ::SIGNS JOINT VENTURE AGREEMENT WITH NAVAL GROUP.SAYS INCORPORATION OF JV, EXPECTED IN COMING MONTHS AND IN ANY CASE BEFORE END OF YEAR.JV PART OF POSEIDON PROJECT AND AIMS FOR A MORE COMPETITIVE EUROPEAN MILITARY SHIPBUILDING INDUSTRY.  Full Article

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