The good performances of STX OSV attenuate to the effect negative of the results of the Cruise division & Ferries of STX Europe



In the fourth trimester of 2010 navalmeccanico group STX Europe 12,7 million euros have recorded a profit before taxes of 99 million Norwegian crowns () respect to liabilities before taxes of 460 million Norwegian crowns in the correspondent period of the year precedence. The result clearly of the activities in operation has been negative for 103 million Norwegian crowns respect to liabilities of 299 million Norwegian crowns in the last trimester of 2009. The revenues are piled to 5.485 million Norwegian crowns, down of 25.1% regarding 7.326 million Norwegian crowns in the fourth trimester of 2009, while the EBITDA and the EBIT have been positive respective for 252 million and 136 million Norwegian crowns against results negatives for 44 million and 244 million Norwegian crowns in the correspondent period of the exercise precedence.

In the period October-December last year the group has confiscated new orders for a value of 7.250 million Norwegian crowns regarding 3.177 million in the correspondent trimester of 2009. The value of the pocketbook orders of the group on 31 December was of 31.160 million Norwegian crowns (24.677 million on December 31, 2009).

The single Cruise division & Ferries of the group has archived item the fourth trimester of 2010 with a EBIT and an EBITDA negatives respective for 271 million and 164 million Norwegian crowns regarding results negatives for 155 million and 90 million Norwegian crowns in the same period of the year precedence. The revenues are piled to 1.883 million Norwegian crowns (- 37.6%). In the last trimester last year the division has obtained new orders for a value of 4.431 million Norwegian crowns regarding 1.335 million Norwegian crowns in the correspondent period of 2009. The value of the orderbook on 31 December piled to 14.126 million Norwegian crowns (8.987 million on December 31, 2009).

If the results of the division that takes care of the construction of fleeting ships continue to strongly being negatives vice versa those of the division Offshore & Specialized seguitano Vessels to being comforting. We remember that this last division recently is returned independent and, with the name of STX OSV Holdings Ltd., is quoted to the Stock exchange of Singapore ( on 30 September and 4 November 2010). STX OSV, than currently has a capitalization of market of about 6,0 billion Norwegian crowns, has closed the fourth trimester of 2010 with a EBIT of 376 million Norwegian crowns (+52.2% on fourth trimester 2009), an EBITDA of 408 million Norwegian crowns (+45.7%) and with revenues for 3.572 million Norwegian crowns (- 12.4%). In fourth trimester last year STX OSV 2.111 million in the same period of 2009 have recorded new orders for 2.789 million Norwegian crowns () and the value of the pocketbook orders to the 31 slid on December 31, 2009 piled to 17.031 million Norwegian crowns (16.411 million).

In entire 2010 group STX Europe respect to liabilities has totaled a profit before taxes of 241 million Norwegian crowns on revenues for 20.868 million Norwegian crowns before the taxes of 875 million Norwegian crowns on revenues for 29.141 million Norwegian crowns in the year precedence. EBITDA and EBIT have been positive respective for 912 million Norwegian crowns and 463 million Norwegian crowns positive respect to EBITDA for 133 million and a EBIT negative for 380 million Norwegian crowns in 2009.

Last year the division Cruise & Ferries has totaled revenues for 8.835 million Norwegian crowns, down of 99.4% regarding 2009 and an EBITDA and a EBIT negatives respective for 473 million and 693 million Norwegian crowns against results negatives for 185 million and 449 million Norwegian crowns in 2009.

In the exercise anniversary 2010 STX OSV have brought back positive EBITDA and EBIT for 1.330 million (+105.2% on 2009) and 1.208 million Norwegian crowns (+128.8%) and revenues for 11.881 million Norwegian crowns (- 0.1%).

At the end last year the dependent number of group STX Europe piled to 14.752 units (15,937 on December 31, 2009), of which about 9.000 in single STX OSV.