Q1 2019 Fincantieri SpA Earnings Call Transcript
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Fincantieri First Quarter 2019 Results Conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Maestrini, General Manager. Please go ahead, sir.
Good morning. Good morning to everyone. I would like to start this call drawing your attention on a very important result that we have achieved in this quarter. Our total backlog has now reached 34 -- over EUR 34 billion, covering approximately more than 6x the revenues in 2018. This is an extraordinary result, I think, especially if you look at it in the right -- with the right attention. When we had presented our industrial plan in 2017, our backlog at that time or total backlog at that time was EUR 26 billion, and that is almost EUR 8 billion to EUR 10 billion less than where we are today. So I am confident to say that we had a much larger volume where we can work to improve our efficiency, to improve the way
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