Q3 2021 Fincantieri SpA Earnings Call Transcript
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining Fincantieri 9 Months 2021 Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Gallia, General Manager. Please go ahead, sir.
Thank you, and good morning to everybody. I'm here with Giuseppe Dado, our CFO, and team to present to you our third quarter results. We can start on Page 5 of the presentation deck with the executive summary.
Let me say that these are -- represent a very solid set of results. Revenues are up by 28% or about EUR 4.5 billion better than -- and was in line with expectations, with EBITDA going up by 65% with a margin of 7.3%. Net debt, as indicated in previous presentation, is in line again with our forecast, which is slightly north of EUR 1 billion. Backlog and therefore, visibility, long-term visibility is EUR 36 billion, represented by 110 units. And we can confirm our 2021 guidance.
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