Feature 5 | MEDITERRANEAN Fincantieri’s brave new world
Keeping up with demands of modern shipbuilding whilst floating part of the company on the stock market will see Fincantieri maintain its place in an ever changing shipbuilding future
C
urrently, Fincantieri’s cruise ship orderbook stands at 15 vessels and the company claims that its
product portfolio is the most diversified on the market, both in terms of owners and ship sizes and market segments. Over the last couple of years Fincantieri
has been adjusting to the fluctuations in the market and part of its strategy is to hold its market position and enable future growth through its initial public offering (IPO). On 3 July last year when the company placed 450 million shares, all derived from a capital increase, at a price of €0.78 (US$0.98) per share which resulted in primary proceeds of €351 million (US$443 million), representing 27% of Fincantieri SpA’s share capital. Te primary proceeds raised through the IPO will be used to strengthen the group’s balance sheet and support its future growth strategy. “Fincantieri is expanding rapidly
on a global level and the IPO enabled us to further enhance our visibility in the international markets, which are of strategic importance for the development of our business. Te exchange is for us also synonymous with transparency and will allow us to acquire additional capital
One of the significant projects to be delivered from the shipbuilder in 2014 was F.A Gautier and LNG ferry for Canadian operator Société des traversiers du Québec
to implement our development plan”, says a spokesperson for Fincantieri. In addition, Fincantieri says that
owners are still looking to maximise their return on investments, where the company looks to find the optimal balance
between revenue maximisation and reduction of capital and operational costs Te company says that a critical factor of this is the capacity to develop customised proposals according to the specific needs and requirements of each owner.
Fincantieri keeps the orders flowing through 2014 and into the coming year through its move in to the stock market
44
The Naval Architect January 2015
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60
