In the 2010 liabilities clearly of the Fincantieri group it is gone up to 124 million euros



The Italian navalmeccanico group has closed 2010 with revenues for 2.876 million euros, decreasing of 12.0% regarding 3.269 million euros in the exercise anniversary precedence. The operating profit (EBITDA) is piled to 179 million euros, in increase of 43.2% regarding 125 million euros in 2009, with an incidence on the revenues (Margin EBITDA) - it has specified the company - pairs to 6.2% (against 3.8% in 2009) and marks a positive course of the characteristic management and benefits of positive connected effects the course to take it in turns euro/dollar. The result clearly has been negative for 124 million euros respect to a loss of 64 million euros in 2009. The position clean financial institution on 31 December was positive for 100 million euros, in strong improvement regarding the data negative for 151 million euros to end 2009.

Last year the group has totaled new orders for a total value of 1.912 million euros (of which 1.492 million in the first semester and 420 million in the second), with an increase of 8.8% regarding 1.758 million euros in 2009 (of which 398 million in the first semester and 1.360 million in the second). The company has found that the new acquired orders in the 2010 turn out however clearly inferior to the data of the 2008 pairs to euro 2.528 million and, still more, regarding the value record of the 2007 pairs to euro 4.238 million and that such decrement is consequence of lasting of the situation of international crisis whose first signs already have been manifested in the course of 2009 and that it has carried to a meaningful contraction of the question of new units in all the segments of reference of Fincantieri.

Last year the Italian group has acquired orders for two unit from cruise from 141.000 tons of tonnage for the brand Princess Cruise Line of the Carnival group, let alone two unit stealth (Falaj class 2) for the United Arab Emirates and two unit for Guard Costiera in the military section. Controlled the American Fincantieri Marine Group has been adjudicated in partnership with Lockheed Martin Corporation, the first LCS (Littoral Combat Ship) takes part of a contract that will involve the construction of 10 units whose options could be exercised from US Navy within the 2015 (total program preview the realization of 55 units within 2020, two of which already assigned to Fincantieri Marine Group in the course of the precedence exercises). In the course of the exercise Fincantieri Marine Group an oceanographic ship for government agency NOAA has been adjudicated moreover (National Oceanic and Atmospheric Administration) and 39 pattugliatori little ones RB-M (Response Boats-Medium) for US Coast Guard. At last they have been acquired orders for 44 million euros in the business repairs and transformations and for 72 million euros in that of the systems and members.

The value of the pocketbook orders on 31 December was attested to 8.888 million euros regarding 10.069 million euros on December 31, 2009.

Commenting the data of budget 2010, approved of yesterday from the Fincantieri, board of directors it has observed that international the economic crisis is being revealed longer of the previewed one, with forecasts of question of new inferior ships regarding the past, and that also in the course of the 2010 company it has in fact it has had to face problems of empty of workload. "In such context - Fincantieri has explained - it is still more important to continue on the road already undertaken from the group of a continuous efficientamento of the business processes faces, beyond to a cost reduction to all the business levels, also and above all to a constant recovery in terms of productivity. Moreover an always greater internationalization will have to be analogous proceeded in the actions of development of the revenues through the consolidation of the position in new fields of business and".