Fincantieri SpA - Company Profile
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Business Description
Fincantieri SpA (Fincantieri) is a shipbuilding company involved in the design and construction of a wide range of vessels. Its business portfolio includes the construction of cruise ships, naval vessels, offshore and specialized vessels, and ferries. The company specializes in ship interiors, systems, components, and infrastructures, as well as ship repairs and conversions. Fincantieri serves both commercial and defense sectors, with presence in the cruise ship market and a significant role in the defense and offshore specialized vessel sectors.
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R&D Overview
Fincantieri considers research and innovation as essential elements for the company's success and as enablers to enhance its future competitiveness in a rapidly changing market environment. These innovations find concrete application in the design phase of new vessels ordered. Fincantieri capitalized 26 million euros in development costs in 2024 for projects with long-term utility. These capitalized projects mainly relate to the development of innovative solutions and systems to improve the efficiency of cruise ships, both in terms of energy balance and reducing environmental impact, as well as the realization of innovative systems to upgrade the technological capacity of certain types of naval vessels. In FY2024, the company spent EUR175 million on R&D, which as a percentage of its total revenue stood at 2.1%.
Business Segments
Overview
Manufactures various marine systems and components, turbines, diesel engines and generation systems, naval automation and entertainment systems, integrated systems, cabins, and steel structures. Carries out the fitting out of cabins, public areas, catering, wet units and windows. Designs and constructs energy generation and storage systems; designs and constructs steel structures for large civil and maritime projects. Also offers after-sales services including maintenance, repair, overhaul, and conversion (MRO&C), integrated logistic support and in-service support services for products.
Performance
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Overview
Designs and manufactures support vessels for the oil and gas exploration and production market. Designs and constructs high-end offshore support vessels, specialized ships, and vessels for offshore wind farms and open ocean aquaculture. Offer innovative products in the field of drillships and semi-submersible drilling rigs. Operates through VARD group, Fincantieri SpA and Fincantieri Oil & Gas SpA.
Performance
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Overview
Designs and constructs cruise ships, ferries, naval vessels, expedition cruise vessels and mega yachts. Also provides ship conversion and repair services.
Performance
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Overview
Focuses on products such as submarine systems and torpedoes, serving the defense industry, particularly naval forces.
Performance
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