Q2 2023 Fincantieri SpA Earnings Call Transcript
Good morning, ladies and gentlemen. This is the Chorus Call conference operator. Thank you, and welcome for joining Fincantieri Half Year 2023 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Folgiero, Chief Executive Officer and Managing Director. Please go ahead, sir.
Good morning, everyone. Thank you for joining us, and welcome to Fincantieri Half Year Financial Results Conference Call. This set of results shows once again a solid top line with revenues up by -- sorry, 4.5% to EUR 3.7 billion. This is line with expectations and with development of the backlog. EBITDA margin stands at 5%, in line with 2023 target and improved when compared with first half 2022 results, 2.6% and fiscal year 2022 results, 3%. 2022 was, in fact, impacted by the inflationary pressures one-off items and the lower marginality, especially in the infrastructure business. In the first half 2023, we recorded a positive adjusted net income at EUR 3 million,
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