Fincantieri: Folgiero, not in competition with Leonardo

Mafia, Hall:

(ANSA) – TRIESTE, 27 JUL – Fincantieri does not want to compete with Leonardo in the defense sector, on the contrary, “a strengthened collaboration with Leonardo on the defense business, imagining a prime contractor model and a key international alliance” is one of the priorities of the group, hypothesized by the CEO of Fincantieri, Pierroberto Folgiero. The CEO

he said this at the usual conference call with financial analysts following the presentation of the half-yearly accounts. Folgiero explained that “just as we are prime contractors in the US, we want to be a platform integrator with the electronics and the combat system first.”

“The net financial position, which as of June 30 was in debt for 3,296 million euros, will drop to 2,600 million by the end of the month due to the delivery of a cruise ship to a leading operator”. This was said by the CFO of Fincantieri, Giuseppe Dado. The position will shrink again in the second half of the year as the group expects a delivery plan for another 4 cruise ships. The exposure is consistent with the volume of production developed, “mainly due to the typical dynamics of working capital relating to the cruise business”. (HANDLE).

Source: Ansa

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