In the first three months of this year the new orders confiscated from Fincantieri have been pairs to 3,55 billion euros (+397%)



The navalmeccanico group Italian Fincantieri has announced to have closed the first trimester of 2017 with revenues pairs to 1. , 10 billion euros, in increase of +5% on the same period of 2016, and with an EBITDA pairs to 67 million euros (+31%).

In the first three months of this year the new orders confiscated from the group have been pairs to 3,55 billion euros regarding 713 million euros in the correspondent period last year. Al 31 last March the workload of the group (backlog), that is the residual value of the orders not still carried to term, on March 31, 2016 turned out pairs to 20,8 billion euros with 103 ships in pocketbook regarding 15,4 billion with 87 ships in pocketbook. Al 31 March 2017 the total workload, included the soft backlog that it represents the value of the contractual options and letters of attempts in being, let alone of the store clerks under negotiation not still reflected in the workload, turned out pairs to 26,6 billion euros, value - it has specified the company - that is pairs to about six years of job if rapportato to the revenues of 2016.

Fincantieri has evidenced the prosecuzione in existence of the important commercial successes of the company, with orders and agreements signed in the first months of the year for a total of 19 cruise ships (included the options), to realize in the Italian yards of the group, in the yards of controlled the VARD and through joint venture in China: memorandum of agreement for two ships for the brands Princess Cruises and Holland America Line of the Carnival group; order for four ships more two as an option for the brand Norwegian Cruise Line; first binding agreements with CSSC and Carnival for the construction in China of two ships more four as an option; letter of attempts of VARD for an ulterior ship expedition cruise; signed memorandum of agreement in April for two ships more two as an option for Viking Ocean Cruises.

Moreover the navalmeccanico group has emphasized that it continues also the good operating performance with the delivery of three cruise ships from three various yards in the first months of the year (Viking Sky, Majestic Princess and Silver Muse) and proceed the actions finalized to the increment of the profit also through the ulterior important development productive synergies with VARD.

"The optimal commercial, managerial and economic results of the first three months of 2017 - it has observed the managing director of Fincantieri, Giuseppe Bono - consolidate the leadership of Fincantieri ulteriorly and they allow us, today, to coherently confirm the results for 2017 with the objectives of the industrial plan. The group will continue with engagement to pursue the previewed targets of increase in the plan, and to such purpose I like to emphasize me that in biennium 2015-2016 we have assumed in Italy about 600 dependent, and that the increase of the production volumes has carried to increase of about 3.000 attached the staff employed in the induced one. These values, moreover, only go read in the context of a forecast of ulterior 400 assumptions in Italy in 2017".

Fincantieri has remembered also the important developments in the process of acquisition of STX France, with the signature to April with the French State of the Heads of Terms that constitutes a fundamental element for the improvement of the definitive agreements between the future shareholders and includes also the lines guides of the prepared industrial plan from Fincantieri for STX France. Fincantieri has specified that at the same time it is working with the court of Seul in order to finalize the how much more quickly possible acquisition. 66.66% of the capital of STX France, in fact, are under responsibility through STX Europe to society of the South Korean group STX Corporation.

With respect to the perspectives of development of the activity, Fincantiri has confirmed that the forecasts for exercise 2017 are online with how much official notice during presentation of the industrial plan and, in particular, than the Shipbuilding field it will benefit in the course of 2017 of the increase of the productive volumes accompanied from a marginality increase I yield mostly of the mass in production of acquired "repeated" cruise ships after the crisis to advanced prices, of the full operativity of the program of I renew of the fleet of Marina Militare Italiana, let alone of the entrance operatively of the relative activities of planning to the store clerk for the Defense Ministry of Qatar. Moreover they continue the actions apt to increase the profit through the placed productive synergies in being with VARD. The Offshore field, instead, will benefit, in terms of volumes, of the implementation of the actions of diversification of the business placed in being from the controlled VARD, while - it has specified Fincantieri - permane the deep crisis of the field Oil & Gas that could have reflected also on the acquired orders. At last the field Systems, Members and Services will be characterized for 2017 from the development of the backlog inheres to renews of the fleet of Marina Militare Italiana, while it continues the project of reconfiguration of the garrison of value chain through the internalizzazione of the activity to high added value and outsourcing of the activities to minor value.