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Italys Fincantieri sales rise 18% in Q1
Abstract：MILAN (Reuters) – Italys Fincantieri said its sales rose 18% in the first-quarter to 1.7 billion euros ($1.76 billion) driven by a strong performance of its core shipbuilding business.
MILAN Reuters – Italys Fincantieri said its sales rose 18 in the firstquarter to 1.7 billion euros 1.76 billion driven by a strong performance of its core shipbuilding business.
Earnings before interests, taxes, depreciation and amortization EBITDA were up 17.2 at 118 million euros. Its EBITDA margin was flat at 7.0 despite commodity price rises.
For the full year it said it expected production activities to remain at full swing with a growth in revenues higher than prepandemic levels and a consolidation of margins.
The group is gearing up for the exit of current chief executive Giuseppe Bono, who will retire after being at the helm of the company for the last 20 years.
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