Antonini has been discharged from the charge of president of Fincantieri



At less than a year from the confirmation by the board of directors of the navalmeccanico group Fincantieri of the charge of president to Corrado Antonini, this last one has introduced resignation with expiration 31 Decembers 2012. It has been learned today in occasion of the presentation of the results achieved last year from the company, whose Board - without to specify the motivations that have induced Antonini to the step - has shortly specified to have "taken note of resignation introduced from the president" and has announced the dismissal of the nomination of the new president to a next occasion.

The Italian shipbuilding group has archived item 2012 with a result of exercise of beyond 15 million euros on revenues for 2.385 million euros respect to a profit of nine million euro on revenues for 2.382 million euros in the exercise anniversary precedence. The EBITDA has been attested to 137 million euros regarding 138 million in 2011. The position clean financial institution is positive for 480 million euros regarding 166 million on December 31, 2011. The company - emphasizing as these data demonstrate to the solidity of the patrimonial capital structure and of the group - has specified that the case availability is of 692 million euros and that the net worth turns out to be pairs to 957 million euros, with 309 million euros of reserves mostly for profits not distributed. Moreover - it has specified Fincantieri - in budget funds than more consistent are lain in wait for in order to face specific risks and burdens, for a amount pairs to about 101 million euros.

In exercise 2012 they mainly figure relative investments for 89 million euros "- Fincantieri has explained - to the completion of projects already started in the exercises precedence on the aim to increase the productive efficiency and to improve the conditions of safety and respect of the atmosphere. Such value in existence includes also the continuation of the investment program in the yards Americans".

Fincantieri has evidenced moreover the results achieved in 2012 under the commercial aspect, having picked at best - it has emphasized the group - "the opportunities available, finalizing agreements for new orders, comprised the options, for total euros 6,5 billion that include all moreover the new ships prototype assigned in the field of the cruise ships. Such value includes contracts finalized for euro already 1,4 billion, while the remaining agreements are all subjects to the finalizzazione of the relative package financial. In particular, in the mercantile section they have been sign contracts for the realization of two cruise ships for the shipowner Viking Ocean Cruises and has been acquired from the Canadian company Société DES traversiers du Québec an order for the construction of a dual ferry fuel of last generation with innovative characteristics of propulsion. In the military sector the acquisition is signaled, through controlled the American Fincantieri Marine Group, of the order for the construction of two unit LCS (Littoral Combat Ship) for US Navy (relative to the contract for the construction of 10 which signed units at the end of 2010) and of 40 pattugliatori little ones for US Coast Guard. At last they have been acquired orders for euro 66 million in the business repairs and transformations and for euro 77 million in that of the systems and members". The value of the orderbook on 31 December has been attested to 7.817 million euros, down of 6.5% regarding 8.361 million euros at the end of 2011.

Sul occupational forehead, Fincantieri has specified to have persecuted, in the within of the plan of business reorganization object of an agreement on a national level undersigned to end 2011 with the ministry of the Job and majority of the labor organizations, "on one side the re-balance of the organic ones in relation to reduced workloads (exited of staff for 333 units at the level of group leader and resource to the extraordinary redundancy fund medium for 1,463 resources) and from the other the objectives of diversification of the business. With regard to it is signaled, in date 21 Decembers - Fincantieri has remembered - the signature of an agreement for the acquisition of 50.75% of STX OSV, society quoted to the Stock exchange of Singapore, world leader in the means construction of support to the extraction activities and production of oil and natural gas, than in the last three years it has generated medium revenues for about euro 1,6 billion and EBITDA for about euro 190 million. The operation then is perfected in date 23 January 2013" ( on December 21, 2012 and 23 January 2013). "Through this acquisition - it has evidenced Fincantieri - the group doubles its dimensions, becoming one of the first five naval constructors to the world, with first four all Korean, and it is placed as producing leader in all the segments of market to high shipbuilding added value of the naval one".

Commenting the returned economic data you today notice from the company, the managing director of Fincantieri, Giuseppe Bono, has found as "the results achieved in 2012, although permanere of a context of reference somewhat difficult, and the acquisition of STX OSV, primary society that work in a field to high added value as that of the offshore one, realized mainly with our resources", they afford to the reached group "to strengthen the leadership and to look with greater optimism to a future of development. All this - it has concluded Bono - united to the implementation of the plan of reorganization shared with the union and face to the recovery of the productivity and the increment of flexibility, creates the premises in order to maintain in activity the Italian yards, in a solid situation economic-financial institution".