Fincantieri SpA (MIL:FCT)
€ 6.916 -0.018 (-0.26%) Market Cap: 2.23 Bil Enterprise Value: 4.52 Bil PE Ratio: 0 PB Ratio: 3.26 GF Score: 73/100
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Half Year 2024 Fincantieri SpA Earnings Call Transcript

Jul 30, 2024 / 02:30PM GMT
Release Date Price: €5.22 (-1.69%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Fincantieri first half 2024 results presentation. As a reminder, all participants are in listen-only mode. (Operator Instructions)

At this time, I would like to turn the conference over to Pierroberto Folgiero, CEO and Managing Director of Fincantieri. Please go ahead.

Pierroberto Folgiero
Fincantieri SI - Chief Executive Officer, Director

Good afternoon, ladies and gentlemen. Thank you for joining us, and welcome to Fincantieri first half 2024 results conference call. Let me begin my -- let me begin by expressing our strong satisfaction for the successful completion of the EUR400 million Rights issue we launched on June 24.

We received an extraordinary reaction from the market with 99.2% of new shares offered subscribed during the Rights offer period and the residual rights sold in the very first minutes of the auction session. A total of over 152 million new shares were subscribed paired with an equivalent number of warrants, giving the right

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