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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Fincantieri S.p.A.    FCT   IT0001415246

FINCANTIERI S.P.A.

(FCT)
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FINCANTIERI: STAR BREEZE DELIVERED IN PALERMO

11/18/2020 | 10:35am EST

FINCANTIERI: STAR BREEZE DELIVERED IN PALERMO

She is the first of three ships of the Star Plus Initiative Program

Trieste, November 18, 2020 - "Star Breeze", the ship marking the beginning of the extension and modernization Star Plus Initiative project of Windstar Cruises, one of the main operators in the field of high-end small ship cruises, was delivered at the Fincantieri shipyard in Palermo.

The program, worth 250 million dollars and involving the cruise ships "Star Breeze", "Star Legend" and "Star Pride", envisaged three main complex activity areas: installation of a new 25.6 meters mid- body section; the total renewal of the propulsion engines and diesel generators for a more environmentally responsible navigation; and extensive modernization of public areas, passenger cabins and open decks.

Before the start of extension works, "Star Breeze" had a length of 134 meters, with a tonnage of approximately 10,000 tons and a capacity of 212 passengers. Now, after its completion, the ship has a length of approximately 160 meters, a tonnage of around 13,000 tons, and a capacity to accommodate 312 passengers on board.

Thanks to the considerable experience gained with major naval projects designed and carried out on behalf of leading ship-owners, Fincantieri, through the "Ship Repair & Conversion" part of the Services Division has established itself as the reference point worldwide for this kind of highly sophisticated operation, consolidating Fincantieri's leadership in the highly specialized naval transformation sector.

* * *

Fincantieri is one of the world's largest shipbuilding groups and number one for diversification and innovation. It is leader in cruise ship design and construction and a reference player in all high-tech shipbuilding industry sectors, from naval to offshore vessels, from high-complexity special vessels and ferries to mega yachts, as well as in ship repairs and conversions, production of systems and mechanical and electrical component equipment, cruise ship interiors solutions, electronic systems and software, infrastructures and maritime constructions as well as after-sales services. With over 230 years of history and more than 7,000 vessels built, Fincantieri has always kept its management offices, as well as all its distinctive engineering and production skills, in Italy. With over 9,500 employees and a supplier network that employs nearly 50,000 people in Italy alone, Fincantieri has enhanced a fragmented production capacity over several shipyards into a strength, acquiring the widest portfolio of clients and products in the cruise business. To hold its own in relation to competition and assert itself at global level, Fincantieri has broadened its product portfolio becoming world leader in the sectors in which it operates.

The Group now has 18 shipyards operating in four continents, nearly 20,000 employees, and is the leading Western shipbuilder; its clients include the world's biggest cruise operators and the Italian and the US Navy as well as numerous foreign navies. Fincantieri is also a partner of some of the main European defence companies within supranational programs.

Fincantieri's business is widely diversified by end markets, geographical exposure and by client base, with revenue generated from cruise ship, naval vessel, Offshore and Specialized Vessel construction and from the supply of solutions for electronic systems and software and for maritime infrastructure and works. Compared with less diversified players, such diversification allows it to mitigate the effects of any fluctuations in demand on the end markets served.

www.fincantieri.com

* * *

1

FINCANTIERI S.p.A. - Media Relations

Antonio Autorino

Laura Calzolari

Cristiano Musella

Micaela Longo

Tel. +39 040 3192473

Tel. +39 040 3192527

Tel. +39 040 3192225

Tel. +39 040 3192247

Mob. +39 335 7859027

Mob. +39 334 6587922

Mob. +39 366 9254543

Mob. +39 366 6856280

antonio.autorino@fincantieri.it

laura.calzolari@fincantieri.it

cristiano.musella@fincantieri.it

micaela.longo@fincantieri.it

Emanuele Macaluso

Tel. +39 040 3192667

Mob. +39 344 2737019

emanuele.macaluso@fincantieri.it

FINCANTIERI S.p.A. - Investor Relations

Caterina Venier Romano

Valentina Fantigrossi

Tel. +39 040 3192229

Tel. +39 040 3192243

caterina.venierromano@fincantieri.it

valentina.fantigrossi@fincantieri.it

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Disclaimer

Fincantieri S.p.A. published this content on 18 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2020 15:34:09 UTC


© Publicnow 2020
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P/E ratio 2020 -5,21x
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Mean consensus HOLD
Number of Analysts 5
Average target price 0,57 €
Last Close Price 0,55 €
Spread / Highest target 17,5%
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Giuseppe Bono Chief Executive Officer & Director
Giampiero Massolo Chairman
Massimiliano Cesare Independent Non-Executive Director
Paola Muratorio Secretary & Independent Director
Fabrizio Palermo Director