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Fincantieri SpA (FCT.MI)

FCT.MI on Milan Stock Exchange

1.29EUR
18 May 2018
Change (% chg)

€-0.07 (-5.28%)
Prev Close
€1.36
Open
€1.37
Day's High
€1.37
Day's Low
€1.29
Volume
8,010,222
Avg. Vol
8,276,377
52-wk High
€1.55
52-wk Low
€0.82

Latest Key Developments (Source: Significant Developments)

Fincantieri "Very Optimistic" About Negotiations For Military Naval Alliance With France
Wednesday, 28 Mar 2018 

March 28 (Reuters) - ITALY'S FINCANTIERI ::CEO SAYS PLAN TARGETS ARE AMBITIOUS BUT ACHIEVABLE.CFO SEES CLOSING OF ACQUISITION OF 50 PCT OF STX FRANCE FOR THE BEGINNING OF SUMMER - CONF CALL.CFO SAYS CO DOES NOT EXPECT MARGIN DILUTION FROM CONSOLIDATION OF STX FRANCE.GENERAL MANAGER SAYS NEGOTIATIONS FOR PROJECT OF MILITARY NAVAL ALLIANCE WITH FRANCE ARE UNDERWAY, RESULTS DUE IN JUNE, SAYS THEY ARE VERY OPTIMISTIC.CFO SAYS OUTCOME OF AUSTRALIAN TENDER EXPECTED BEFORE SUMMER, BETWEEN MAY AND JUNE.GENERAL MANAGER SAYS OUTCOME OF U.S. TENDER EXPECTED BETWEEN END-2018 AND BEGINNING OF 2019.  Full Article

Fincantieri FY Net Profit Up At EUR 57 Mln, Sees 2018 Revenues Up 3-6 Pct
Tuesday, 27 Mar 2018 

March 27 (Reuters) - FINCANTIERI SPA ::FY REVENUE EUR 5.02 BILLION VERSUS EUR 4.43 BILLION YEAR AGO.FY NET PROFIT EUR 57 MILLION VERSUS EUR 25 MILLION YEAR AGO.PROPOSES DIVIDEND OF EUROCENT 1 PER SHARE.2022 REVENUES INCREASE UP TO +50% VERSUS 2017.INCREASE OF PROFITABILITY WITH A 2022 EBITDA MARGIN EXPECTED BETWEEN 8% AND 9%.2022 ADJUSTED NET RESULT EXPECTED BETWEEN 3% AND 4%.ORDER INTAKE AT END-2017 AT EURO 8.6 BILLION (+31%).BACKLOG AS AT DECEMBER 31, 2017 WAS EURO 22 BILLION (+21%).2018-2022 PLAN DOES NOT TAKE INTO ACCOUNT STX FRANCE OR POSSIBLE ALLIANCE WITH NAVAL GROUP.FORECASTS FOR 2018: REVENUES INCREASING BY +3-6% COMPARED TO 2017.FORECASTS FOR 2018: EBITDA MARGIN AT APPROX. 7.5%.FORECASTS FOR 2018: ADJUSTED NET PROFIT MARGIN BETWEEN 1.8% AND 2.0%.OBJECTIVES FOR 2020: REVENUES INCREASING BY 18-20% COMPARED TO 2018, EBITDA MARGIN AT APPROX. 8%.  Full Article

Fincantieri To Cooperate With Barzan Holdings
Wednesday, 14 Mar 2018 

March 14 (Reuters) - FINCANTIERI SPA ::SIGNS A LETTER OF INTENT WITH BARZAN HOLDINGS AIMED AT STUDYING POSSIBLE FORMS OF COOPERATION IN THE COASTAL DEFENSE SURVEILLANCE SECTOR.  Full Article

Fincantieri Establishes Fincantieri Services USA
Friday, 9 Mar 2018 

March 9 (Reuters) - Fincantieri Spa ::SAYS SET UP FINCANTIERI SERVICES USA, A WHOLLY OWNED SUBSIDIARY BASED IN MIAMI, FLORIDA.  Full Article

Fincantieri And Viking Reach Agreement For 6 Further Ships
Tuesday, 6 Mar 2018 

March 6 (Reuters) - FINCANTIERI SPA ::FINCANTIERI AND VIKING AGREEMENT FOR 6 FURTHER SHIPS.DELIVERY IS SCHEDULED FOR YEARS 2024, 2025, 2026, 2027.  Full Article

Fincantieri To Renovate Two Cruise Ships For Gruppo Grimaldi
Monday, 5 Mar 2018 

March 5 (Reuters) - FINCANTIERI SPA ::SIGNS WITH GRUPPO GRIMALDI LETTER OF INTENT TO RENOVATE TWO CRUISE SHIPS.  Full Article

Fincantieri Unit Receives $15 Million Contract From US Navy
Monday, 19 Feb 2018 

Feb 19 (Reuters) - Fincantieri Spa ::US NAVY AWARDED TO FINCANTIERI’S UNIT MARINETTE MARINE $15 MILLION CONTRACT FOR CONCEPT DESIGN OF THE PROJECT.  Full Article

French Finmin Says Alliance Between Naval Group And Fincantieri To Yield Concrete Industrial Projects
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Fincantieri ::FRENCH FINMIN LE MAIRE SAYS ALLIANCE BETWEEN NAVAL GROUP AND FINCANTIERI TO YIELD CONCRETE INDUSTRIAL PROJECTS.FRANCE'S LE MAIRE SAYS THE TWO GROUPS WILL COOPERATE ON DESIGN OF SURFACE SHIPS.FRANCE'S LE MAIRE SAYS DETAILS ABOUT THE ALLIANCE PROJECT TO BE PRESENTED TO GOVERNMENTS IN JUNE.  Full Article

Fincantieri Has Established Fincantieri Services Middle East In Qatar
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - FINCANTIERI SPA ::HAS ESTABLISHED FINCANTIERI SERVICES MIDDLE EAST IN DOHA (QATAR).  Full Article

Fincantieri Unit Vard Signs 270 Mln Euro Deal With Ponant
Monday, 18 Dec 2017 

Dec 18 (Reuters) - FINCANTIERI SPA ::UNIT VARD <<>> SIGNS 270 MILLION EURO AGREEMENT WITH PONANT TO BUILD ARCTIC CRUISE SHIP.CRUISE SHIP TO BE DELIVERED IN Q2 2021.  Full Article

Italy - Factors to watch on May 14

The following factors could affect Italian markets on Monday.