Italian shipbuilder Fincantieri has seen production and revenue tumble after its yards were forced to close due to the coronavirus.

Turnover was down by €190m ($202m) in the first quarter of the year when the state-owned shipbuilder closed its production facilities to protect workers and subcontractors.

That resulted in extraordinary expenses of €23m for the three months ending 31 March, caused by lower production volumes and additional expenses for ensuring personnel health and safety.