Fincantieri Q1 EBITDA up 16% to 100 mn, revenue stable

(ANSA) - ROME, MAY 14 - Fincantieri's first-quarter EBITDA was up 16% to 100 million euros, while its revenue was stable at 1,767 million (+0.2%), the shipbuilding giant said Tuesday.
    Other Q1 results included: EBIDA margin at 5.7%, (it was 4.9% in Q1 2023 and 5.2% at the end of 2023); and net financial position negative at euro 2,413 million (down from euro 2,922 million).
    Fincantieri's quarterly report also showed a total workload "at record levels", as they define it at the group, of 39.3 billion euros, equal to 5.1 times 2023 revenues, an indicator of "strong commercial development in all business areas with a soft backlog of 17.3 billion". (ANSA).