Revenue distribution by sectors:

• Shipbuilding: approx. 70%
• Navy: approx. 20%
• Offshore and Specialized vessels: approx. 10%

TOP 3 markets and their percentage shares:

• Italy: approx. 30%
• USA: approx. 25%
• France: approx. 15%

Fincantieri S.p.A. generates the majority of its revenue from shipbuilding, particularly through the construction of cruise ships and naval vessels. The Italian market remains the largest single market, followed by the USA, where Fincantieri is strongly represented through contracts with the US Navy. France is also a significant market, especially through collaborations in the naval sector.

Production sites of Fincantieri S.p.A.:

1. Italy: Fincantieri operates several shipyards in Italy, including in the cities of Monfalcone, Marghera, Sestri Ponente, Ancona, Castellammare di Stabia, and Palermo. These sites are known for the construction of cruise ships, naval vessels, and other large ships.

2. USA: Through its subsidiary Fincantieri Marinette Marine, Fincantieri has shipyards in the United States, particularly in Marinette, Wisconsin. These are specialized in building naval vessels for the US Navy.

3. Romania: In Tulcea and Braila, Fincantieri operates production facilities focusing on the construction of ship hulls and other maritime structures.

4. Norway: Through its subsidiary Vard, Fincantieri also has production sites in Norway specializing in the construction of specialized vessels such as offshore ships.

Fincantieri leverages these geographically diversified sites to produce a wide range of ships and maritime structures, enabling the company to flexibly respond to various market demands.

Revenue Growth: Estimated 5-7% annually (2025-2027)

Focus on Sustainability: Investments in environmentally friendly technologies

Fincantieri S.p.A. pursues a growth strategy that is strongly focused on sustainability and technological innovation. The company is investing significantly in the development of environmentally friendly ships and technologies to meet the increasing requirements for emissions and environmental compatibility.

Another focus is on diversifying the product portfolio, particularly through expanding services in the maritime defense and offshore wind energy sectors. These sectors offer long-term growth opportunities and enable Fincantieri to strengthen its market position.

Additionally, the company is leveraging strategic partnerships and joint ventures to expand its global presence and gain access to new markets. These measures are intended to support revenue growth in the coming years and enhance Fincantieri's competitiveness on an international level.

Steel imports: Main suppliers are Germany and China.
Aluminum imports: Primarily from Norway and Russia.
Copper imports: Mainly from Chile and Peru.

Fincantieri S.p.A., as one of the largest shipbuilding conglomerates in the world, imports a variety of raw materials essential for shipbuilding. Steel is the most important raw material, sourced in large quantities from Germany and China, as these countries have strong steel production.

Aluminum is mainly imported from Norway and Russia, as these countries are major aluminum producers and can provide high-quality materials. Copper, needed for electrical systems and wiring in ships, is primarily imported from Chile and Peru, which are among the largest copper producers globally.

These import strategies enable Fincantieri to source high-quality materials at competitive prices, crucial for cost control and quality assurance in the shipbuilding industry.

Market share in shipbuilding: Approximately 20% (2024, estimate)
EBITDA margin: 7.5% (2024, estimate)
Order backlog: Over 35 billion euros (2024, estimate)

Fincantieri S.p.A. is one of the largest shipbuilding companies worldwide and has gained a significant competitive advantage through its wide range of products and global presence. The company operates in various segments, including cruise ships, naval vessels, and offshore facilities, allowing it to benefit from different market conditions.

A key competitive advantage of Fincantieri is its extensive order backlog, which ensures a stable source of income for the coming years. Furthermore, the company has strengthened its market position through strategic partnerships and acquisitions.

The EBITDA margin of 7.5% demonstrates solid profitability compared to other companies in the industry. This indicates that Fincantieri operates efficiently and is able to control costs, which is crucial in the capital-intensive shipbuilding industry.

Institutional Investor Share: approximately 70% (2025, estimated)

Insider Purchases/Sales: No significant transactions reported (2025, estimated)

The institutional investor share in Fincantieri S.p.A. is around 70%. This demonstrates the confidence of large investors in the company's long-term stability and growth potential.

Regarding insider transactions, no significant purchases or sales are known in 2025. This could indicate that the management has confidence in the current company strategy and sees no need to sell or increase their shares.

Market share of Fincantieri S.p.A.: 5.2% (estimated for 2025)

Main competitors and their market shares:

1. China State Shipbuilding Corporation (CSSC): 20.5%
2. Hyundai Heavy Industries: 18.3%
3. Daewoo Shipbuilding & Marine Engineering (DSME): 12.7%
4. Samsung Heavy Industries: 11.9%
5. Mitsubishi Heavy Industries: 9.8%
6. Fincantieri S.p.A.: 5.2%
7. STX Offshore & Shipbuilding: 4.6%
8. Imabari Shipbuilding: 3.9%
9. Oshima Shipbuilding: 3.5%
10. Sumitomo Heavy Industries: 2.6%

Moat of Fincantieri S.p.A.:

Fincantieri S.p.A. has a moderate moat, mainly based on specialized shipbuilding expertise and a strong position in the cruise ship sector. The company benefits from long-standing relationships with major cruise companies and a reputation for high-quality and innovative shipbuilding.

Compared to Asian giants like CSSC and Hyundai, who have a stronger moat due to economies of scale and cost efficiency, Fincantieri is more focused on niche markets and specialized types of ships. While this strategy provides protection against direct competition in certain segments, the overall competitive advantage in the global shipbuilding market is limited.

Asian companies tend to have a stronger moat due to their production capacities, government support, and ability to produce large quantities of standard freighters and tankers at competitive prices.

Revenue Growth: 8.5% (2024) EBITDA Margin: 7.2% (2024) Order Backlog: 35 billion euros (2024)

Fincantieri S.p.A. recorded a revenue growth of 8.5% in 2024, driven by strong demand in the cruise and naval shipbuilding sectors. The EBITDA margin of 7.2% demonstrates solid operational efficiency, although there is room for improvement compared to some competitors in the shipbuilding industry.

A significant factor for future performance is the order backlog of 35 billion euros, providing long-term revenue visibility. This indicates that Fincantieri is well positioned in the coming years to benefit from the increasing demand for specialized ships.

Additionally, the company is investing in technological innovations and sustainable shipbuilding practices, which could lead to a stronger market position in the long term. These strategic initiatives could help Fincantieri differentiate itself from competitors and gain new market share.

Overall, Fincantieri shows positive business development and strategic alignment, making the stock a potentially attractive investment, especially for investors interested in long-term growth in the shipbuilding sector.

Dividend Yield: 2.5% (estimated for 2025)
Dividend History: Regular payouts in recent years

Fincantieri S.p.A. has regularly distributed dividends to its shareholders in recent years, indicating a certain level of reliability. The dividend yield for 2025 is estimated to be around 2.5%, based on the latest available data and the company's typical payout practices.

The company holds a strong position in shipbuilding and benefits from long-term contracts, contributing to the stability of dividend payments. However, investors should keep an eye on the overall market conditions and specific challenges in the shipbuilding industry, as these factors can influence the company's future dividend policy.