Fincantieri 9M 2026 slides: margins expand to 7.7%, debt falls sharply

On November 12, shipbuilder Fincantieri released its nine-month results for 2026, revealing significant improvements in profitability and balance sheet strength. Despite a slight decline in revenue, the company's margins expanded and debt levels fell sharply. EBITDA grew by 10.9% to €511 million, with margins increasing to 7.7% from 6.9% the previous year.

This expansion was driven by stronger pricing in the cruise sector and a surge in underwater operations. The company's backlog reached a record €72.6 billion, showing strong demand across various segments.