Fincantieri SpA (FRA:1F80)
€ 5.39 0.124 (2.35%) Market Cap: 1.73 Bil Enterprise Value: 4.02 Bil PE Ratio: 0 PB Ratio: 2.56 GF Score: 77/100

Q4 2018 Fincantieri SpA Earnings Call Transcript

Feb 26, 2019 / 08:00AM GMT
Release Date Price: €7.74 (+0.81%)
Operator

Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Fincantieri 2018 results conference call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Bono, Chief Executive Officer. Please go ahead, sir.

Giuseppe Bono
Fincantieri Marine Systems North America, Inc. - CEO

Okay. Good morning, ladies and gentlemen. I am very happy to be here today to spend some words about the full year results. My colleagues will give you more details.

First of all, we achieved a great commercial success by receiving orders that increase the number of 27 new vessels, 14 of which are cruise ships and were ordered by 8 different clients. We started a new partnership with the prestigious operator, TUI Cruises, a joint venture between the TUI Group, a German company, also a tour operator and Royal Caribbean Cruises together with Carnival group, Norwegian Cruise Lines and MSC Cruises. It enriches our client portfolio and now, include all 4 largest operators worldwide. Our total backlog

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