Global Economic and Geopolitical Volatility: The company faces risks from global economic slowdowns impacting defense budgets and cruise line investments, alongside geopolitical tensions affecting international trade and supply chains.

Intense Competition and Market Demand Fluctuations: Fincantieri operates in a highly competitive global shipbuilding market, facing pressure from rivals, and is susceptible to shifts in demand for cruise ships, naval vessels, and offshore platforms.

Project Execution, Cost Overruns, and Delays: Large-scale, complex shipbuilding projects carry inherent risks of cost overruns, schedule delays, and unforeseen technical challenges that can impact profitability and reputation.