In the first six months of the 2015 Fincantieri it has acquired new orders for 4,2 billion euros (+21%)



The Fincantieri group has archived item the first semester of 2015 with revenues pairs to 2.220 million euros, with an increment of +12% regarding 1.983 million euros in the first half last year. The Italian navalmeccanico group has specified that the increase is due mainly to the greater volumes of activities recorded in the area of business of the cruise ships, that has reached a weight pairs to 37% of the total revenues of the group in period (31% in the same period of 2014). Moreover in the total revenues the Shipbuilding segment hung for 68.3%, (61.7% on June 30, 2014), the Offshore segment for 27.5%, (34.0% on June 30, 2014) and the segment Systems, Members and Services for 4.2% (4.3% on June 30, 2014).

The budget of the first semester of this year on June 30, 2014 shows an EBITDA pairs to 128 million euros regarding 142 million euros and a EBIT is pairs to 74 million euros (93 million euros in the first semester of 2014). The result before proceeds and burdens not recurrent strangers to the ordinary management and on June 30, 2014 turns out negative for -7 million euros (positive for 48 million euros), turned out - it has specified the group - that includes losses not realized on changes for the translation of the mail in currency of group VARD for 16 million euros. The exercise result has a value on June 30, 2014 negative pairs to -19 million euros respect to a positive result for 33 million euros.

In the first six months of the 2015 new acquired orders from the group they have been pairs to 4,2 billion euros regarding 3,4 billion euros of the correspondent period of 2014, with book to bill a ratio (new orders/revenues) - it has specified Fincantieri - pairs to 1,9 (1,7 on June 30, 2014). In the total orders, the Shipbuilding segment hung for 90% (69% on June 30, 2014), the Offshore segment for 3% (29% on June 30, 2014) and the segment Systems, Members and Services for 8% (3% on June 30, 2014). The value of the pocketbook orders on 30 June was pairs to the figure record of 15.968 million euros (14.184 million euros on June 30, 2014) and the workload (backlog) of the group on June 30, 2015 turned out pairs to the value record of 12.044 million euros (9.515 million euros in the first semester of 2014).

"In the first semester of 2015 - the managing director of Fincantieri has commented, Giuseppe Bono - we have reached turned out commercial considerable. The pocketbook orders and the workload of the group has recorded in fact the historical maximums, attesting themselves to 16 and 12 billion euros that, counting on a soft backlog of 7,2 billion, afford to reach of the expected values pairs respective to beyond 23 and 19 billion. In order to support a similar workload - Bono has explained - we have undertaken a distance of reorganization of the Italian sites who does not preview lay-offs and has upgraded the competences of the group inserting beyond 380 new resources in last the 18 months, meanwhile having used to us in the reconstitution of the induced one, that seriously it is hit by the crisis years".

"Also the revenues - it has continued Bono - are increased in important way regarding last year, in great part thanks to the greater volumes of activities recorded in the business of the cruise ships, with 11 units under construction. Although the offshore segment still suffers of the contraction of the profittabilità, mainly because of lasting of the crisis of problematic the Oil&Gas section and dragging on of the relative ones to the activities in Brazil, the result of pertinence of the group is positive and the efforts that we are completing will in the next few years afford a meaningful increment of the production volumes. On the whole, the course of the management of the group reflects in the semester our expectations, with a characterized operating performance from margins reduced for the cruise ships currently in production, from the productive complexity tied to the fort increase of the volumes and at last lasting of the crisis of the Oil&Gas section".