In the 2014 value of the new acquired orders from the Fincantieri group is gone up of 13%



Today the board of directors of Fincantieri has approved of the preliminary results of 2014, exercise in which the Italian navalmeccanico group has confiscated new orders for beyond 5,6 billion euros, with an increment of +12.8% regarding 5,0 billion euros in the exercise anniversary precedence. The value of the pocketbook orders is gone up of +18.1% attesting itself to 15,2 billion euros to 31 December slid regarding 12,9 billion euros to 31 December 2013. To end the 2014 workload of the group, that is the residual value of the orders not still completed, piled to 9,8 billion euros, in increase of +21.6% regarding less than 8,1 billion to 31 December 2013.

preliminary budget 2014 of Fincantieri shows a result of exercise of 55 million euros regarding 85 million euros in 2013. The revenues have grown of +15% approximately to 4,4 billion euros. EBITDA and EBIT have been pairs respective to 297 million and 198 million euros regarding 298 million and 209 million in exercise 2013.

the single Shipbuilding division of the group, that it includes the activities of planning, construction, repair and transformation of ships for the transport of passengers and goods, military ships and mega-yacht, has archived item the 2014 with an EBITDA of 195 million euros on revenues for 2,7 billion euros respect to an EBITDA of 155 million euros on revenues for 2,4 billion euros in 2013. Last year the division has acquired new orders for 4,4 billion euros (3,0 billion in 2013) and the value of the orderbook to 31 past December is gone up to beyond 10,9 billion euros (8,7 billion to 31 December 2013).

Fincantieri has specified that in the Shipbuilding segment a strong resumption of the business is recorded ships from cruise is for acquired orders that for productive volumes and have remembered that it is defined with Marina Militare Italiana the configuration of all the ships object of the plan of I renew of the fleet, with next finalizzazione of contracts.

In the 2014 Offshore division of the Italian group, that it includes the activities of planning and naval means construction for the market of the extraction and production of oil and natural gas and that comprises the activities operated through the controlled VARD let alone through Fincantieri Spa and Fincantieri Oil&Gas Spa, has totaled revenues in order almost 1,6 billion euros regarding 1,3 billion in 2013 and an EBITDA of 108 million euros regarding 155 million in the exercise precedence. Last year this division has obtained new orders for 1,1 billion euros (1,8 billion in 2013) and the value of the pocketbook orders to 31 past December has attested to 3,6 billion euros (3,8 billion to 31 December 2013).

Fincantieri has explained that in the Offshore segment a slow down of the orders and a reduction of the marginality in the period has happened, above all because of the market context a lot challenging in the second part of 2014 - with decrease of the price of the oil and contraction of the investments for the extraction and the perforation - of problematic of the activities in Brazil and the review of the esteem for a limited number of plans of the European pocketbook the orders.

"2014 - the managing director of Fincantieri has commented, Giuseppe Bono - has been an important year for Fincantieri. In fact we have recorded an increase of the acquired orders, the workload to consolidated level and of the revenues in all the segments in which we operate. In particular, a strong resumption in the business of the ships from cruise has happened, with eight new ordered acquired units on the 16 in the world, nine ships currently under construction and a consequent resumption of the volumes in the Italian sites. The strategy of diversification of the business, that our group marks - has continued Bono - has afforded us to reach an EBITDA margin of 6.8%, although the Offshore segment has suffered of a conjuncture of particularly unfavorable market in the second part of the year. Such strategy also has seen to us to conclude important agreements of cooperation in all the segments of activity. I hold to us, moreover, to remember that 2014 have marked the income in Stock exchange of Fincantieri, to ulterior support of the strategy of increase of the group".

the staff of the Fincantieri group is gone up to 21.689 units to 31 December 2014 regarding 20.389 units at the end of 2013.