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

Q3 2024 Fincantieri SpA Earnings Call Transcript

Nov 14, 2024 / 04:00PM GMT
Release Date Price: €5.61 (-1.34%)
Operator

Good afternoon. This is the chorus call conference operator. Welcome and thank you for joining the Fincantieri nine month 2024 results conference call. (Operator Instructions) At this time, I would like to turn the conference over to Mr Folger, Chief Executive Officer and managing director. Please go ahead sir.

Pierroberto Folgiero
Fincantieri SpA - Chief Executive Officer, Executive Director

Good afternoon. Ladies and gentlemen, welcome to fincantieri's nine month 2024 financial results conference call.

We are very satisfied with the result achieved both from a commercial and financial standpoint. We recorded a solid top line growth with revenues up 3.7% year on year reaching 5.6 billion. EUR thanks to the virtuous path pursued by Fincantieri over the last couple of years, we have been able to deliver a significant increase in profitability with a margin at 5.9% materially higher than the 5.1% reported in the first nine months of 2023 and 5.2% at the end of 2023 with improvements in all our segments. A beda in absolute terms rose by 19% compared to

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