Nov 15, 2023 / 08:00AM GMT
Operator
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining Fincantieri's 9 months 2023 Results Conference Call. (Operator Instructions)
At this time, I will hand the conference over to Mr. Folgiero, Chief Executive Officer and Managing Director. Please go ahead, sir.
Pierroberto Folgiero - Fincantieri S.p.A. - CEO, MD & Director
Good morning, ladies and gentlemen. Thank you for joining us, and welcome to Fincantieri 9 months financial results conference call. This set of results confirms once again 2023 guidance and shows a solid top line with revenues up by 1.3% to EUR 5.300 billion. This is in line with expectations and with the development of the backlog.
EBITDA improved by 60% when compared with the same period last year, with margin at 5.1%, way better than last year. Net financial position came at EUR 2.7 billion, in line with targets. We have now a total backlog of almost EUR 32.6 billion, securing 4.4 years of work when compared to 2020 revenues. Order intake came in at EUR 4 billion with a strong
Q3 2023 Fincantieri SpA Earnings Call Transcript
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