Creating a Underwater Divisionthe announcement of the relevant target confirm that Fincantieri believes the underwater as a key market. The company, led by Pier Roberto Folgiero, presented yesterday in a dedicated event, the three-year strategy for the development of the underwater sector, reiterating how underwater represents a fundamental driver for the creation of value in the medium-long term. global reference market, which includes a wide range from drones to submarines, is estimated at around 50 billion euros per year, with an accessible fee for Fincantieri of approximately 22 billion.
Il stock price jumps and in the late morning it recorded a rise of 9,5% to 13,69 euros, bringing the rise of the last 5 days to 21%.
Fincantieri's strategic objective is to position itself as the driving force of underwater transformation, offering integrated solutions spanning defense, infrastructure security, offshore energy, aquaculture and underwater mining.
In this sense, Fincantieri has brought together all its underwater activities in new Scuba Diving Technology Center, an integrated industrial structure that will coordinate all activities related to civil, military and dual-use systems. In particular, this will include the Group's expertise in the design and construction of submarines, the technologies of WASS Submarine Systems (torpedoes and acoustic sensors), the capabilities of IDS - Systems Engineering (unmanned systems, radar and advanced communication) and the skills of Remazel Engineering (top-side systems for autonomous vehicles).
Sector Financial Targets Growing: Revenues Expected at 2027 Million by 820, Ebitda Margin of 18,5%
Looking at the financial targets for this segment, in 2024, underwater solutions represented approximately 4% of the Group's revenues, equal to 325 million euros. This share is expected to double, reaching 8% in 2027. In detail, Fincantieri forecasts revenues of 2025 million for 660, EBITDA of 115 million with an EBITDA margin of 17,4%. For 2026, revenues are expected to be 720 million, EBITDA of 130 million with an EBITDA margin of 18,0%. For 2027: Revenues forecast at 820 million, EBITDA of 152 million with an EBITDA margin of 18,5%
Fincantieri signs MoU with Graal Tech
Fincantieri also announced a further strengthening of its technological platform in the underwater segment with the signing of a Memorandum of Understanding with Graal Tech, an Italian company active in underwater mechatronics. The agreement provides for a collaboration for the development of small and medium-sized autonomous underwater vehicles, command and simulation systems, and the creation of a national center for testing, qualification and training in underwater robotics.
