With the contribution of Vard, the revenues of the first six months of the Fincantieri group have grown of 57% to 1,9 billion euros



Today Fincantieri has introduced the achieved economic results from the group in the first half of 2013, performances that include those of Vard (former STX OSV), society specialized in the means construction of support to the extraction activities and production of oil and natural gas of which on 23 January Fincantieri it has perfected the acquisition of the package of control (50.75%) and successively, as a result of the OPA obligatory second promoted the rules of the Stock exchange of Singapore, has carried the consistency of such quota to 55.63% ( on December 21, 2012, 23 January and 14 March 2013). Fincantieri has remembered that with this acquisition the group has doubled its dimensions reaching revenues on a yearly basis of about four billions of euro and 20.000 dependent distributed between 21 yards placed in three various continents, becoming leader in all the segments of shipbuilding the naval one to high potential added value and elevated.

The Italian navalmeccanico group has archived item the first six months of this year with revenues for 1.934 million euros regarding 1.233 million euros in the first semester of 2012. The EBITDA is piled to 137 million euros (68 million in the first half of 2012) and operating result clearly (EBIT) to 101 million (34 million).

Fincantieri has emphasized the solidity of the patrimonial capital structure and of the group evidencing that "the position clean financial institution (to the gross one of the construction loans of the Vard group) turns out to be positive with a surplus of case for euro 183 million and that the net worth of pertinence of the group leader is pairs to euro 959 million with euro 326 million reserves. In budget - it has specified the company - consistent funds are lain in wait for in order to face specific risks and burdens, for a amount pairs to about euro 161 million.

Moreover Fincantieri has specified that the investments carried out in the first semester of 2013, pairs to euro 103 million, "they are mostly relative to finalized projects to increase the productive efficiency and to improve the conditions of safety and respect of the atmosphere of the Italian structures of the group, and to the prosecuzione of the programs of expansion of the productive ability for the foreign structures, in particular in the yards Americans and the new Brazilian site".

In the first six months of the 2013 Fincantieri 488 million in the first half of 2012 have acquired new orders for 1.843 million euros (). In particular, in the market cruise they have been sign with the Carnival group the relative contracts to the construction of two destined cruise ships to the brands Holland America Line and Carnival Cruise Lines. In the offshore market the controlled Vard has acquired six new contracts for the construction of unit of support to the activities of extraction and production of oil and natural gas. In the naval market to support controlled the American Fincantieri Marine Group at the end has acquired the order for the construction of two ulterior units LCS (Litoral Combat Ship) for US Navy (in the within of the contract of ten ships signed of 2010) besides the order for four pattugliatori little ones for US Coast Guard.

Al 30 last June the value of the pocketbook orders of the group has turned out pairs to 10.889 million euros regarding 7.069 million euros on June 30, 2012. Fincantieri has explained that the workload that derives some, pairs to 6.829 million euros, "also remaining meaningful will continue not to be sufficient in order to saturate the productive ability to the Italian plants of the group. Therefore the company - it has confirmed the group - 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 remembered that 10th July he has been undersigned with the government and all the labor organizations an agreement for the delay of the extraordinary redundancy fund until August 2014.

Sul forehead of the commercial perspectives, Fincantieri has specified that regarding Italy the group "wishes the completion of program FREMM with the allocation of last the four units. Moreover - it has found Fincantieri - it is emphasized that no new program of Marina Militare Italiana is started after 2005 and this obviously arouses not little worries for the continuity of the activities in the Italian productive structures of the military pole".

In occasion of the today's examination by the board of directors of the course of the group in first semester 2013, the managing director of Fincantieri, Giuseppe Bono, has declared that "conditions exist in order to look with reasonable optimism to future, above all if the Fincantieri system and the system Country can realize unitarism of strategies that privileges the fields pulling ahead for the export, for the occupation and the attraction of important investments foreign countries to develop in Italy".