The Italian naval-mechanical group Fincantieri has announced that it closed the first quarter of 2026 with revenues of 2.13 billion euros, compared to 2.3 billion euros in the first quarter of 2025, which benefited from the effect of the order for two MPCS for the Indonesian navy, which became effective at the beginning of 2025; the development of expected revenues over the course of the year is supported by the progressive increase in production volumes related to the acquired backlog.
EBITDA is 159 million euros compared to 154 million recorded in the first quarter of 2025, thanks to the increase in profitability in all operating segments, which largely compensates for the effect of the order for Indonesia in the same period in 2025.
The total workload reaches a new all-time high of 74.2 billion euros (63.2 billion at the end of 2025), approximately 8.1 times the 2025 revenues; backlog at 42.7 billion, up 3.9% compared to the figure at the end of 2025. The company reports new contracts concluded in the first four months of the year for a value exceeding the annual target of approximately 11 billion euros envisaged by the 2026-2030 Industrial Plan and new orders acquired equal to 3.4 billion (11.7 billion in Q1 2025), which do not include new contracts signed in Q1 2026 and not yet effective. Furthermore, Fincantieri has 5 ships delivered from 5 shipyards and 94 ships in its portfolio, with visibility on deliveries further extended to 2039 considering the order for Princess Cruises signed in April 2026.
“The first quarter of 2026 confirms the consistency and strength of the Group’s growth path,” states CEO Pierroberto Folgiero. “The commercial performance marks a new milestone, with a workload higher than ever, equal to 74.2 billion euros, which guarantees visibility on deliveries further extended until 2039, with extremely deep and structural operational prospects not only for the group’s shipyards, but for the entire supply chain. In the period, there is also a significant improvement in profitability, with margin growth in all operating segments, which supports cash generation and is reflected in a significant improvement in the financial position.”
In addition to this, he added: “With 94 ships in the portfolio and 5 units delivered from 5 shipyards in the quarter, in the first months of the year contracts were also concluded for a value already exceeding the entire 2026 target of 11 billion euros, confirming the strong commercial momentum. We look to the future with confidence, strengthened by an unprecedented order book and extended long-term operational visibility which, in line with the 2026–2030 Industrial Plan, reinforces Fincantieri’s role as a reference industrial platform in the sectors of high-complexity naval mechanics and marine technologies.”
