Fincantieri S.p.A. is a global leader in the shipbuilding industry, operating through three primary business segments: Shipbuilding, Offshore and Specialized Vessels, and Equipment, Systems, and Infrastructure. The Shipbuilding segment is the core of the business, generating approximately 68-74% of total revenues. This segment is further divided into cruise ships, which account for roughly 44-45% of total revenues, and naval/defense vessels, which account for about 22-23%. The company builds state-of-the-art cruise ships for major operators like Carnival Corporation and Norwegian Cruise Line Holdings. Its defense division supplies surface combatants and submarines to the Italian Navy, the U.S. Navy (through its Fincantieri Marine Group subsidiary in Wisconsin), and other foreign navies. The Offshore and Specialized Vessels segment (around 15% of revenues) focuses on the design and construction of support vessels for offshore wind and oil & gas exploration. The Equipment, Systems, and Infrastructure segment (around 17% of revenues) provides marine electronics, power and automation solutions, and after-sales services. Fincantieri operates 18 shipyards across four continents and maintains a massive order backlog that provides revenue visibility well into the next decade.
