Fincantieri records an improvement of the performances financial institutions and a contraction of the orders



Fincantieri has closed the first semester of 2012 with an increase of the financial results and contraction of the orders. The Italian navalmeccanico group has archived item the period with a result of positive the ordinary management for 26 million euros on revenues for 1.233 million euros, with increases respective of 62.5% and 4.8% on the first half of 2011. The EBITDA is piled to 68 million euros, with an increment of 15.2% regarding 59 million euros in the first six months last year.

Fincantieri has specified that "the results achieved in the course of the first semester confirm the managerial forecasts formulated for 2012, for which attends, to the fine ones exercise, a result in improvement regarding on December 31, 2011". Moreover Fincantieri has evidenced "the position clean financial institution of the group, than to the end of June it records an excess of case regarding the debt position pairs to euro 909 million. Such position financial institution - it has observed the Italian company - on one side allows to plan and to cover the future requirements of financing of the floating capital with absolute tranquillity and from the other to estimate possible new investments you turn to create value for the group without particular pressures". Fincantieri has emphasized also "the consistency of accumulated reserves in the net worth turns out still conspicuous (euro 347 million) to demonstration of the solidity of the patrimonial structure of the group. They moreover turn out lain in wait for also deep than more consistent in order to face specific risks and burdens for a amount pairs to about euro 107 million".

Sul forehead of the orders, in the first six months of 2012 has been some acquired for a total value of 488 million euros, down of 44.2% regarding 874 million euros in the first semester last year. In particular, controlled the American Fincantieri Marine Group has acquired orders for two unit LCS (Littoral Combat Ship) for US Navy (relative to the contract for the construction of 10 which signed units of 2010 at the end) and ulterior 40 pattugliatori little ones RB-M (Response Boats-Medium) for US Coast Guard.

The value of orderbook of the group on 30 June the era of 7.069 million euros regarding 8.361 million euros on December 31, 2011 and to 7.920 million euros on June 30, 2011. Fincantieri has specified that the workload that derives from the pocketbook orders on 30 June, pairs to euro 5.047 million euros, "also remaining meaningful, will continue not to be able to saturate the productive ability to all the plants. Therefore the group - it has confirmed the company - has previewed to continue with the resource to the Extraordinary Redundancy fund for the Italian productive structures that will be found in a situation of empty of job".

Fincantieri has found that "in the first semester the 2012 shipbuilding field of the naval one has continued to live in a situation of serious difficulty. The performance of the reorganization plan, timely managed from the company in order to face the situation of the market - it has specified Fincantieri - will allow, taking into consideration the create situation and of the future perspectives, to adapt the productive ability to the question and to enter in new markets of reference".

"We are satisfied of these results - the managing director of Fincantieri, Giuseppe Bono has commented - that gives confidence to the society and to employee its. The process of reorganization in course, started thanks to the agreement with the unions and the government, is being demonstrated valid. Also the acquisition of the last orders by Viking Ocean Cruises and Société DES traversiers du Quebec (undersigneds last month, ndr) testify the farsightedness of the business policies, times to the search of new customers and new producing markets with extremely innovative". "Fincantieri - it has added - therefore anticipates on the market as one of the great protagonists of own field and can count on encouraging perspectives if the cohesion between all employee its will allow to reach ulterior goals of productivity, necessary in order to assert itself more on a reduced market, where therefore the competition is still more trained".