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Investing.com -- Fincantieri (FCT) on Monday reported a substantial increase of 53.5% in its first-quarter core profit, reaching 154 million euros ($170.72 million).
This significant rise is attributed to strong performance across all segments, with a particular emphasis on shipbuilding.
Additionally, the company has seen increased revenues in its defence business.
The company’s revenues rose to 2.38 billion euros, marking a 35% increase from the same period in 2024.
Fincantieri’s total backlog has also grown, amounting to 57.6 billion euros, as announced by the Trieste-based group on Monday.
Fincantieri has confirmed its forecasts for 2025. Furthermore, the company’s order intake for this year has soared to 11.71 billion euros.
This figure represents 76% of the record value achieved in 2024, indicating a strong start to the year for the company.
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