In the first quarter of this year, the decline in the values of revenues and new orders acquired by the Fincantieri shipbuilding group, with the first being Result of €2.13 billion, down -10.1% on the former three months of 2025, and the second at 3.39 billion euros (-71.1%). The company specified that revenues for the first quarter of 2025 benefited from the effect of ordering two PPAs/MPCS for the Indonesian Navy, which became effective at the beginning of 2025, while the new orders acquired in the first quarter of 2026 did not include new contracts signed during the period and not still effective.

In the first three months of this year, the only revenues relating to the segment, amounted to €1.54 billion (-15.9%), of which 1.22 billion for the construction of cruise ships (+16.7%), 297 million for the construction of military ships (-61.4%), 19 million for the design and construction of ship interior furnishings (+35,7%). In addition, revenues in the Offshore and special vessels segment amounted to €360 million (+12.9%), those totalled in 2014 Systems, Components and Infrastructure segment at €309 million (+2.7%) and those in the Underwater segment to 135 million euros (+42.1%).

In the first quarter of 2026, the value of new orders alone acquired by the Shipbuilding division was 3.15 billion euros (-72.6%), that of the Offshore and ships segment amounted to €22 million (-78.4%), the revenues of the Systems, Components and Infrastructure segment totaled 262 million (+59.8%) and those in the Underwater segment to 104 million euro (+23.8%).

In the period, Fincantieri recorded a gross operating margin of €159 million (+3.2%), with a contribution of €115 million from the Shipbuilding segment (-8.0%), €18 million from the Offshore segment and special ships (+20.0%), 20 million from the Systems segment, Components and Infrastructure (+33.3%) and €23 million from the segment Underwater (+43.8%).

As of 31 March, the group's total backlog reached a record value of 74.2 billion euros. In this regard the CEO and General Manager of Fincantieri, Pierroberto Folgiero, highlighted that the workload "It ensures further visibility into deliveries extended until 2039, with extremely deep operational prospects and structural not only for the group's shipyards, but for the entire supply chain. In the period - added Folgiero - there was also a significant improvement in profitability, with a margin growth across all operating segments, which supports the cash generation and is reflected in a significant improvement of the financial position. In the light of the results achieved and visibility on the order book, we have revised the 2026 guidance, further strengthening the expectations of economic and financial growth. With 94 ships in portfolio and five units delivered from five plants in the quarter, in the first months of the year, the following were also concluded: contracts for a value already higher than the entire 2026 target of 11 billion euros, confirming the strong commercial momentum".