Q3 2022 Fincantieri SpA Earnings Call Transcript
Good morning. This is the Chorus Call conference operator. Welcome and thank you for joining the Fincantieri 9 Months 2022 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, ladies and gentleman, thank you for joining us and welcome to the Fincantieri 9 months 2022 financial results conference call. This set of results shows revenues up by 17% to EUR 5.3 billion in line with expectations and with the development of the backdrop.
We record the positive performances across all segments. In particular, the Offshore and Specialized Vessels business increased by 86% year-on-year. This progression streamlines a potential window of opportunity that the wind offshore market may offer in the upcoming years for Fincantieri.
EBITDA stands at EUR 172 million with a margin of 3.2%, impacted by first outflow over marginality and
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