November 28, 2014 5:19 PM ET

Machinery

Company Overview of Fincantieri S.p.A.

Company Overview

Fincantieri S.p.A. operates in the shipbuilding industry. The company designs and constructs merchant and naval vessels, cruise ships, large ferries, mega yachts, offshore vessels, marine systems, and special ships. It also provides ship repair and conversion services, such as passenger ship refurbishment and conversion/transformation of offshore vessels, as well as dry-dock management services; and engages in steel fabrication for marine, offshore, and onshore applications. In addition, the company develops and builds naval systems, such as stabilizers, solutions, and components for propulsion and power generation, etc.; industrial turbines; and diesel engines for both marine and industrial...

Via Genova, 1

Trieste, TS 34121

Italy

Founded in 1959

21,746 Employees

Phone:

39 0403 19 31 11

Fax:

39 0403 19 23 05

Key Executives for Fincantieri S.p.A.

Fincantieri S.p.A. does not have any Key Executives recorded.

Fincantieri S.p.A. Key Developments

Fincantieri In Talks To Buy STX France

Fincantieri S.p.A. (BIT:FCT) is speeding up talks to buy STX France SA from STX Europe ASA, Italian daily Il Sole 24 Ore reported on Tuesday, without citing sources. STX France needs the go-ahead of the French state for the sale. Fincantieri declined to comment on the report.

Fincantieri Signs Agreements with Carnival Corporation and China CSSC Holdings Limited to Explore Joint Venture Options for Building Cruise Ships

Fincantieri announced that it had signed agreements with Carnival Corporation and China CSSC Holdings Limited to explore joint venture options for building cruise ships for the Chinese market. Fincantieri will be working with China State Shipbuilding Corporation to develop production capacity for cruise ships in China by providing services and components to support CSSC's shipyards. Carnival will be working with both CSSC and Fincantieri and help create specifications for the China-made cruise ships.

Fincantieri Announces Earnings Results for the Nine Months 2014

Fincantieri announced earnings results for the nine months 2014. For the nine months, revenues increased to EUR 2.935 billion, mostly due to international deliveries of cruise ships, which more than offset the lower sales in the navy segment as the group awaits the launch of new military programmes. Earnings before interest, tax, depreciation and amortisation (EBITDA) inched down to EUR 207 million from EUR 208 million a year ago. Earnings before interest and tax (EBIT) dropped to EUR 132 million from EUR 141 million a year ago. Net profit of EUR 43 million for the nine months to September, down from EUR 53 million for the same period last year.

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