Bono: "Fincantieri has archived item the longest crisis of the field"



Fincantieri has closed the first trimester of the 2016 with a profit clearly of 0,3 million euros respect to a net loss of -27 million euros recorded in the first three months last year. The revenues are diminished of the -6% attesting itself to 1,05 billion euros and the Italian navalmeccanico group has archived item the first trimester of this year with EBITDA and EBIT pairs respective to 51 million euros (- 14%) and 25 million euros (- 24%).

In the first three months of the 2016 Fincantieri it has obtained new orders for a total of 713 million euros regarding 85 million euros in the correspondent period of 2015. The value of the pocketbook orders of the group has been attested to 21,62 billion dollars on 31 March, advanced value of +54% regarding on March 31, 2015.

The managing director of the Italian group, Giuseppe Bono, has emphasized that the solid quarterly results "mark carrying out regarding the second half of the year 2015, with which Fincantieri has archived item the longest crisis of the field", and "they evidence a decided resumption of the operating and economic performance. The important achieved managerial and economic objectives in the first months of 2016 - it has added - allow us to confirm the objectives of the Industrial Plan, in terms of development of the revenues, increase of the profit, generation of case and emolument of the shareholders".

In the first three months of 2016 Norwegian VARD, that it is controlled by Fincantieri and that has given to a positive contribution pairs to 15 million euros to the EBITDA of the Italian group, it has recorded revenues for 2,02 billion Norwegian crowns (218 million euros), with an emphasized decrease of the -34% regarding the first trimester last year I yield of the reduction of the activity in the European ship yards of the group and the previewed cessation of the activity in the Brazilian yard Vard Niterói. The EBITDA is piled to 57 million Norwegian crowns (- 12%). The EBIT has been of sign negative for -5 million Norwegian crowns respect to an operating profit of 9 million Norwegian crowns in the first trimester of 2015. VARD has concluded the first three months of this year with a profit of clearly 43 million Norwegian crowns respect to a net loss of -226 million Norwegian crowns in the same period of 2015.

In the first trimester of the 2016 Norwegian company it has confiscated new orders for 651 million Norwegian crowns (+163%) and the value of the orderbook on 31 March has turned out pairs to 8,58 billion Norwegian crowns regarding 15,63 billion on March 31, 2015.