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Fincantieri SpA (FCT.MI)

FCT.MI on Milan Stock Exchange

0.89EUR
26 May 2017
Change (% chg)

€-0.01 (-1.38%)
Prev Close
€0.91
Open
€0.90
Day's High
€0.92
Day's Low
€0.89
Volume
3,237,390
Avg. Vol
6,729,760
52-wk High
€0.97
52-wk Low
€0.31

Latest Key Developments (Source: Significant Developments)

Fincantieri CEO says to review 2017 targets on higher volumes
Friday, 19 May 2017 07:50am EDT 

May 19 (Reuters) - Fincantieri CEO Giuseppe Bono says::to review targets this year on higher-than-expected volumes, to update business plan before year end.confirms dividend payout on 2017 accounts.will have to play a bigger role in the consolidation process in Europe as regards the military side of the business.  Full Article

Fincantieri combined order backlog with STX France over 40 bln euros by year end - CEO
Friday, 19 May 2017 05:16am EDT 

May 19 (Reuters) - Fincantieri CEO Giuseppe Bono says on Friday::combined order backlog with STX France expected to top 40 billion euros at end year from 36 billion euros now.  Full Article

Fincantieri shares higher after STX France deal
Friday, 19 May 2017 02:31am EDT 

May 19 (Reuters) - Italian shipbuilder Fincantieri::Shares up more than 3 percent in early trade.company said earlier on Friday it had signed an agreement to buy 66.66 percent of France's STX France for 79.5 million euros. ID:nL8N1HK5KA.  Full Article

Fincantieri signs agreement to buy 66.66 pct of STX France for EUR 79.5 mln
Friday, 19 May 2017 01:55am EDT 

May 19 (Reuters) - FINCANTIERI SPA ::SIGNS SHARE PURCHASE AGREEMENT FOR THE ACQUISITION OF 66.66% OF THE SHARE CAPITAL OF STX FRANCE FROM ITS CURRENT SHAREHOLDER STX EUROPE AS.THE AGREEMENT ENTAILS A PURCHASE PRICE OF EURO 79.5 MILLION, TO BE PAID THROUGH AVAILABLE FINANCIAL RESOURCES.CONTINUES TO NEGOTIATE WITH THE FRENCH STATE FOR THE FINALIZATION OF THE SHAREHOLDERS' AGREEMENT FOR STX FRANCE IN ACCORDANCE WITH THE HEADS OF TERMS SIGNED ON APRIL 12.  Full Article

Fincantieri expects 2017 results in line with plan, after rise in Q1 revenues
Thursday, 11 May 2017 11:47am EDT 

May 11 (Reuters) - Italian shipbuilder Fincantieri says: :expects 2017 results to be consistent with business plan targets.in 2017 shipbuilding segment will benefit from further increase in volumes and improved margins.first quarter revenue 1.104 billion euros versus 1.05 billion euros in the same period last year .total backlog at March 31 is 26,6 billion euros versus 19.2 billion euros in 2016 .backlog covers approximately 6 years of work if compared to 2016 revenues.Q1 earnings before interest, taxes, depreciation and amortisation (EBITDA) at 67 million euros.shipbuilding business revenues up 13 percent mainly due to cruise ship business, with 13 vessels under construction.  Full Article

Fincantieri unit VARD secures a contract for Research Expedition Vessel
Tuesday, 2 May 2017 02:15am EDT 

May 2 (Reuters) - Fincantieri SpA ::Its unit Vard Holdings Limited (VARD) has secured a contract for the design and construction of one research expedition vessel for Rosellinis Four-10.  Full Article

Shares in Fincantieri up 2.4 pct in early trade
Tuesday, 18 Apr 2017 03:03am EDT 

April 18 (Reuters) - Italian shipbuilder Fincantieri::Shares in company rise 2.4 percent in early trade after the group signed a memorandum of agreement with Viking Ocean Cruise for the construction of two additional cruise ships with an option for another two. .The Italian company will likely finalise a planned deal to buy STX France by the end of April, Il Sole 24 Ore reported on Tuesday.  Full Article

Fincantieri to build two additional ships for Viking Ocean Cruises
Tuesday, 18 Apr 2017 01:46am EDT 

April 18 (Reuters) - Fincantieri SpA ::Signed a memorandum of agreement for construction of two additional cruise ships for Viking Ocean Cruises, with an option for another two.The new builds will be sister ships to the six already ordered and will enter Viking fleet in 2021 and 2022, respectively.  Full Article

Fincantieri signs agreement with France to acquire STX France
Wednesday, 12 Apr 2017 02:35pm EDT 

Italian shipbuilder Fincantieri says: has signed an agreement with the French state for the acquisition of STX France . the agreement includes the guidelines of the business plan prepared for STX France . the Italian group is working with the Court of Seoul to finalise the acquisition of STX France as soon as possible Further company coverage: [FCT.MI] (Reporting by Milan newsroom).  Full Article

Fincantieri shares extend gains on report it reached deal over STX
Thursday, 6 Apr 2017 05:46am EDT 

Fincantieri: Shares extend gains, briefly up more than 2 percent, after report that shipbuilder reached deal with French government over STX France . Le Monde said French government has agreed to let Fincantieri have a 45-49 percent stake in rival STX France [nFWN1HE08O] Further company coverage: [FCT.MI] (Reporting by Milan Newsroom).  Full Article

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