Fincantieri Full Year 2023 Earnings: €0.031 loss per share (vs €0.18 loss in FY 2022)

Fincantieri (BIT:FCT) Full Year 2023 Results

Key Financial Results

• Revenue: €7.45b (up 1.3% from FY 2022).
• Net loss: €52.8m (loss narrowed by 83% from FY 2022).
• €0.031 loss per share (improved from €0.18 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fincantieri Earnings Insights

The primary driver behind last 12 months revenue was the Shipbuilding segment contributing a total revenue of €6.13b (82% of total revenue). Notably, cost of sales worth €5.91b amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €1.27b (80% of total expenses). Explore how FCT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Machinery industry in Italy.

Performance of the Italian Machinery industry.

The company's shares are up 6.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Fincantieri that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.