new the Board of Directors of Tirrenia CIN has named president Paolo Giorgio Bassi and has confirmed the delegations to the current CEO Ettore Morace



Tirrenia - Company of Italian Navigation (CIN) has announced that in the 2014 ships of the company they have transported 1,9 million passengers and 3,6 million linear meters of commercial means, with increments regarding 2012 - year of the passage of Tirrenia to CIN - of + 10.8% for the field fleeting and of +16.2% for the rotabili.

Moreover Tirrenia CIN has announced that last year the turnover has grown of +6%, the EBITDA is gone up in absolute value of +62%, from 37 to 61 million euros and above all - it has emphasized the company - in measure percentage regarding sales (+17.4% against +11,4% of the year precedence) and to the control of the operating costs. Between the more important items of expenditure, the fuel, coherently to the bending of the prices of the oil and the placed operating initiatives in being, is diminished of about 14 million euros; more precisely about 50% of the smaller fuel costs he is attributable to the price cutting while the remaining quota to structural cuts. In fact - it has explained the company - in 2014 the program "Energy Saving & Environmental" is begun, consisting, among other things, in the substitution of the propellers with other more performing on seven unit of the fleet (project completed for three units in 2014 and that it will continue for the other four in 2015).

Tirrenia CIN clearly has archived item the exercise 2014 with a profit of 19,4 million euros respect to a positive result of 1,4 million euros in the year precedence. The company has specified that the result "has had exclusively from the routes not in convention".

Moreover the society has increased the net worth and improved the position clean financial institution, with a reduction of the indebtedness clearly of about 48 million euros regarding the solid present on December 31, 2013. The investments are piled to about 9,5 million euros in consequence, mainly, of programmed participations improved to you on the units of the fleet (between which the exactly change of the propellers of some ships). They were about 16 million in 2013.

At last Tirrenia CIN has evidenced that in the 2014 society it has assumed some 30 people and are carried out about 150 passages of category "to demonstration - has found the company - of how much attention the company it has dedicated to the professional development of own staff, repaid from a high level of service to the customers. Such approach - it has observed moreover Tirrenia CIN - has favorite a climate of renewed confidence and more and more tightened sharing of objectives with all the labor organizations presents in company, that it has carried to numerous agreements between which that most meaningful one has allowed the unification of the turns of the navigating staff, with marine concrete benefits for company and".

Today the assembly of the shareholders of Company Italian of Spa Navigation, met to Naples, beyond having unanimously approved of the closed balance sheet on December 31, 2014, has supplied to the nomination of the new board of directors, in which they figure two new names compared to the previous: Emiliano Nitti and Paolo Giorgio Bassi, this last one named president of the Board of Directors. The new members, both of nomination of the Deep Hourglass, take to the place of Riccardo Perotta and Mario Massari.

The new board of directors, met successively to the assembly of the shareholders, therefore has confirmed the delegations to the current managing director Ettore Morace.