In the first semester 2014 Fincantieri records an increment of +87% of the new orders



The Fincantieri group has closed the first half of the 2014 with a result of exercise of 33 million euros on revenues for 1.983 million euros respect to an identical result of exercise on revenues for 1.894 million euros in the first six months last year. The group has specified that the increment of the turnover is determined mainly by the greater volumes of activities recorded in the area of business of the cruise ships and that in the course of the first semester of this year is recorded an increment of the incidence of the revenues generated from the group abroad, pairs to 81% of the total revenues regarding 79% of first semester 2013.

The EBITDA has been pairs to 142 million euros (+1%). Fincantieri has marked that the results of first semester 2013 of the Vard group, whose consolidation in the Fincantieri group goes back on 23 January last year ( on 23 January 2013), they had benefitted of the elevated marginality of some store clerks, acquired mainly in the course of biennium 2011-2012 and finished in the period, and they totally did not reflect the losses on the activities of Brazil that have influenced on the results of first semester 2014, and that only partially they are compensated by it I use of the relative bottom allocated during allocation of the price poured for the acquisition of the controlled one. The EBIT achieved in first trimester 2014 from the Fincantieri group has been pairs to 93 million euros (- 3%).

The Italian navalmeccanico group has announced to have acquired in the first new semester of this year orders for 3.447 million euros regarding 1.843 million euros in the first half of 2013. Of the total orders (to the gross one of the consolidations), 69% regard the field Shipbuilding, 29% Offshore field, 3% the field Systems, members and services. The acquired orders from the Fincantieri group leader have been 59% of the total. The workload of the group on 30 June turns out to be pairs to 9.515 million euros regarding 6.830 million euros on June 30, 2013.

The position recorded clean financial institution from the Italian navalmeccanico group on 30 June turns out negative for 184 million euros (negative for 155 million euros on December 31, 2013). The consequent requirements financial to the increment of the activities of the business of the cruise ships in the period - Fincantieri has explained - are compensated by the proceeds deriving from the delivery of the cruise ship Regal Princess in May, that it has contributed to maintain to the position clean financial institution of the group regarding on December 31, 2013 substantially stable. The net worth on June 30, 2014 was pairs to 1.237 million euros (1.210 million euros on December 31, 2013). The investments carried out in first semester 2014 have been pairs to 67 million euros, down regarding first semester 2013, with an incidence on the revenues pairs to 3.4%, regarding 6.7% in first semester 2013.

"The first semester 2014 - the managing director of Fincantieri has commented, Giuseppe Bono - confirmation the validity of the undertaken strategy, but above all marks the income in Stock exchange of Fincantieri (the actions of the group is negotiated on the Share Computerized Market of Borsa Italiana by 3 July, ndr), an important Italian industrial company become during the last few years the greater western naval constructor and one of the more dynamic and diversified operators in the field. The semester report the acquisition of orders in steady increase and records the positive course of the revenues in all the fields in which the group work. They are therefore determining the conditions for the ulterior phase of development of the society".

For the second half of the 2014 Fincantieri it previews an increment of the activity. "In particular - it has explained the company - regarding the Shipbuilding field, on one side the area of business of the cruise ships sees to take to consistency the trend of resumption of the market, as demonstrated from the recent order for two new units for customer MSC Cruises ( on May 22, 2014, ndr) and from the negotiations in course, while by the other for the area of business of the military ships the resumption of the orders is attended as a result of the definition of the plan of I renew of the fleet of recently reconfirmed Marina Militare Italiana with the approval by the Defense Commission of the pluriennale program for the relative Defense to three years 2014-2016. Regarding the Offshore field, data the general trend of the industry that demands more and more efficient means, attends us a question supported in short and the medium term in particular for ships OSCV to high specialization, even though in a context of pressure on the hires of means of support in the area of the Sea of the North. The controlled Vard, after a first semester characterized from an elevated value of the new orders also thanks to the increase and internationalization of the base customers, previews a progressive normalization in the second part of the year. In the within of the operations, the increment of the productivity and the productive ability to the yard of Vard Promar in critical Brazil permane in order to guarantee the attended objectives of production in a context of fast increase that has seen the insertion of beyond 500 new resources in recent months. In the field Systems, Members and Services the trend of increase recorded in the new orders and the revenues of the first semester confirmation the wait of an increase of the volumes regarding how much recorded in the years precedence".