ITALIAN shipbuilder Fincantieri reported its revenue at 1.3 billion at the end of the first quarter, down by only 4.5% despite a reduction of production of 20%. The company also announced a backlog safety net of 31.9 billion, with production having gradually resumed since 20 Apr. Fincantieri has committed to...
ITALIAN shipbuilder Fincantieri reported its revenue at 1.3 billion at the end of the first quarter, down by only 4.5% despite a reduction of production of 20%.
The company also announced a backlog safety net of 31.9 billion, with production having gradually resumed since 20 Apr.
Fincantieri has committed to safeguarding its “relationships with strategic clients”, and “to ensure the acquired backlog” by focusing on reassessing dates and avoiding cancellations.
The shipyard estimates approximately 190 million in revenue was lost due to the COVID-19 shutdown, but it still managed to deliver eight vessels during the quarter, including Ponant’s Le Bellot, Virgin Voyages’ Scarlet Lady and Regent Seven Seas Cruises’ Seven Seas Splendor.
Fincantieri also recognised its efforts towards sustainability, which have been rated “B” by the Carbon Disclosure Project.
