The Italian shipbuilder posted earnings ofEUR 85m ($117m) for the 12 months to 31 December, up from EUR 15m in 2012.

Earnings before interest, tax, depreciationand amortization (ebitda) more than doubled to EUR 298m with a margin of 7.8% fromEUR 137m.

Total sales came in over 50% higher at EUR3.8bn compared to EUR 2.4bn.

Fincantieri, which specialises in cruiseships and naval vessel, delivered 44 vessels during theyear and booked orders for 31 more worth EUR 5bn, taking its order portfolio toEUR 12.9bn

Giuseppe