STX Europe to hunting of new orders for the division Cruise & Ferries



In the first trimester of 2012 navalmeccanico group STX Europe 28 million euros have recorded a profit of clearly 212 million Norwegian crowns (), with a bending of 10.5% regarding 237 million Norwegian crowns in the first three months last year. The revenues are increased of 6.2% attesting itself to 5,28 billion Norwegian crowns. The EBITDA and the EBIT have been pairs respective to 391 million Norwegian crowns (- 7.8%) and 315 million Norwegian crowns (- 5.1%).

In the first trimester of this year the group has obtained new total orders for 2.443 million Norwegian crowns (+43.0%) and the value of the pocketbook orders on 31 March has reached a total of 29,92 billion Norwegian crowns, with an increment of 6.9% regarding on March 31, 2011.

In the first three months of the 2012 single division Cruise & Ferries it has totaled revenues for 2,35 billion Norwegian crowns, with an increase of 34.4% on the first trimester of 2011. The EBITDA has been positive for five million Norwegian crowns respect to a result negative for 20 million Norwegian crowns in the period January-March last year. In the first three months of this year the division has confiscated new orders for 80 million Norwegian crowns, down of 84.2% regarding 507 million Norwegian crowns in the first trimester of 2011. The orderbook of the field Cruise & Ferries on March 31, 2012 it was of 13,71 billion Norwegian crowns, with an increase of 5.6% regarding 13,00 billion Norwegian crowns on March 31, 2011. In particular, the orderbook of the ship yard of Saint-Nazaire of STX France it consists of three cruise ships and two portaelicotteri, while that of the yard of Lorient of the branch French consists of a dredge. The pocketbook orders of the Finnish yard of Turku of STX Finland is constituted by a cruise ship for TUI Cruises, of a cruise ship for multipurpose Viking Line and a ship for Gaiamare. Moreover the orderbook of the Arctech Helsinki Shipyard (AHS), than 50:50 between STX Finland and the Russian United Shipbuilding Corporation (USC is not included in orderbook of the group being the society joint venture), is constituted by a ship for the emergencies and the aid and two supply vessel icebreaker.

STX Europe has explained that the improvement of the results of the first trimester of 2012 of the division Cruise & Ferries is ascribable mainly to the best performances of branch STX France, while the bending of the orders has caused puts up burdens for branch STX Finland. The navalmeccanico group has specified that it will assume initiatives in order to make up for to the decrease of the new orders being engaged itself to acquire new projects, enclosed store clerks in other areas as that of renewable energies in the marine field for STX France and of wind energy for STX Finland, with orders for military ships and offshore unit.

The division Offshore & Specialized Vessels, constituted from STX OSV Holdings Ltd. quoted to the Stock exchange of Singapore, of which STX Europe it stops 50.75% of the capital stock, it has archived item the first trimester of this year with an EBITDA of 393 million Norwegian crowns on revenues for 2,81 billion Norwegian crowns, with decreases respective of 10.5% and 11.9% on the correspondent period of 2011. The new orders are piled to 2,34 billion Norwegian crowns (+98.1%) and the value of the orderbook on 31 March was of 19,04 billion Norwegian crowns (+26.8% on on March 31, 2011).