Fincantieri clearly has archived item 2011 with a profit of beyond euro 10 million euros



After two closed years in loss the navalmeccanico group Italian Fincantieri has archived item exercise 2011 with a profit of beyond euro 10 million euros clearly respect to liabilities clearly of 124 million euros in the exercise precedence. The revenues are piled to 2.381 million euros, down of 17.2% regarding 2.876 million euros in 2010, and the EBITDA has been pairs euro 138 million euros regarding 179 million euros in exercise 2010.

Fincantieri has emphasized that exercise 2011 has concluded with a surplus of case (position clean financial institution) pairs to euro 166 million euros (100 million in 2010), than "allows them to carry out own activity without pressures financial institutions of some genre". Moreover the company has evidenced that, "to demonstration of the solidity of the patrimonial structure and financial institution of the group goes found that the net worth turns out to be pairs to euro 951 million, with euro 300 million reserves mostly for profits not distributed. Moreover, in budget funds than more consistent are lain in wait for also in order to face specific risks and burdens for a amount pairs to about euro 114 million".

Last year the group has obtained new orders for 1.863 million euros, decreasing of 2.6% regarding 2010 and the value of the pocketbook orders on 31 December had been attested to 8.361 million euros regarding 8.888 million euros on December 31, 2010. In particular, in the 2011 Fincantieri one for English brand P&O Cruises and one for the Costa Crociere brand has acquired orders for the construction of two cruise ships of great dimensions for the Carnival group () and of a cruise ship extra-I dislocate of small dimensions for the French shipowner Companies du Ponant. In the military sector, through the controlled Horizon Naval Systems, an order for the realization of an unit from disembarkation and destined logistic support to Marina Nazionale of the Republic has been acquired Democratic and To people Algerian and, through controlled the American Fincantieri Marine Group, an order for the construction of an ulterior unit LCS (Littoral Combat Ship) for US Navy and of others 21 smaller units for US Coast Guard. Near the yards Americans the two ships ordered from Tidewater, the more operating important to the world in the field of the services for the offshore industry will be constructed also. At last last year they have been acquired orders for euro 62 million in the business repairs and transformations and for euro 136 million in that of the systems and members.

"The society - the managing director of Fincantieri has commented, Giuseppe Bono - confirmation its position of leadership, graces also to the strong patrimonial capital structure and. With the concluded trade-union agreement at the end last year, face to adapt the productive ability to the question, we are more competitive in a market that is still extremely depressed". "Never as in this moment - it has concluded - it is indispensable that all the company, by management to all the dependent, are joined in order to pursue those objectives of increase that, even though difficult, can be reached also in this moment of serious crisis".