Q3 2023 Fincantieri SpA Earnings Call Transcript
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.
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
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