en.Wedoany.com Reported - Italian shipbuilder Fincantieri raised its 2026 revenue, core profit, and net profit guidance on May 11. The group stated that year-end revenue will be between 9.3 billion and 9.4 billion euros (approximately 10.9 billion to 11 billion U.S. dollars), slightly above the 9.2 billion to 9.3 billion euros forecast set during the March Capital Markets Day. Earnings before interest, taxes, depreciation, and amortization (EBITDA) will be between 700 million and 710 million euros, compared to the previous expectation of 700 million euros. Net profit is expected to be between 140 million and 180 million euros, while the initial forecast was to exceed the full-year 2025 net profit of 117 million euros.

The backdrop to this guidance upgrade is that the group signed large new contracts at the beginning of the year, although these contracts have not yet taken effect and were not included in first-quarter new orders. The value of new orders in the first quarter fell 70% compared to the same period in 2025, dropping to 3.4 billion euros, but Fincantieri indicated that the large contracts not yet included allow it to surpass the 11 billion euro new contract target previously set for 2026.

Over the past year, against a backdrop of heightened geopolitical tensions, the group has focused on defense and high-margin naval contracts, while also benefiting from a recovery in cruise demand. CEO Pierroberto Folgiero stated: "The first quarter of 2026 confirms the consistency and strong momentum of the group's growth trajectory." He added that the total order backlog reached a record high of 74.2 billion euros, providing visibility for deliveries extending to 2039. Fincantieri is a state-controlled group headquartered in Trieste, Italy.

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