Fincantieri lifts 2026 core profit outlook after nine-month EBITDA growth

what happened

Fincantieri, the Italian shipbuilder, lifted its 2026 core profit and leverage outlook, Reuters reported. The state-controlled group now expects EBITDA of €715–725 million, compared with its earlier range of €700–710 million. It also projects an adjusted net debt/EBITDA ratio of 1.0, down from 1.3, including February's capital increase. All other targets for the year were confirmed.

Nine-month EBITDA climbed 10.9% to €511 million from €461 million a year earlier, and the margin widened to 7.7% from 6.9%. Gains in shipbuilding and the underwater business more than offset slightly lower revenue. Total backlog grew 14.9% to €72.6 billion, but orders over the first nine months fell to €9.7 billion from €16 billion.

why it matters

Stronger margins in shipbuilding and underwater work support the company's profitability, and the higher guidance signals management's confidence for the rest of the year. The steep drop in new orders is the figure investors will watch most closely. Shares fell as much as 6.9% after the results but recovered almost all of those losses, trading about 0.6% lower at 14:52 GMT.

market impact

Fincantieri: higher profit guidance supports the company's shares

• ▲Fincantieri shares pressure up — the raised EBITDA guidance points to stronger earnings for the company

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