Fincantieri has archived item the first semester with a result of exercise of 11 million euros (+120%)



In the first six months of this year the revenues of the navalmeccanico group Italian Fincantieri have grown of +1% to 2,29 billion euros regarding 2,27 billion euros in the first half of 2016. EBITDA and EBIT have recorded increments pairs respective to +29% and +44% having attested to 146 million and 88 million euros. The result of exercise before not recurrent and extraordinary burdens is piled to 28 million euros (+47%). The exercise result clearly has been pairs to 11 million euros (+120%) and is achieved - it has emphasized the company - "although smaller profits on realized changes pairs to 18 million euros, not deriving from the conversion from the dollar American to the real Brazilian of a financing enrolled in Vard Promar, and although put up burdens recorded in first semester 2017 connected to litigations towards the staff for damages from asbestos pairs to about seven million euro".

In the first semester of the 2017 shipbuilding group it has acquired new orders for a total of 4,37 billion euros, with a decrease of the -25% regarding 5,85 billion euros in the first six months last year. The value of the pocketbook orders on 30 June was pairs to 26,09 billion euros, with an increase of +4% regarding 25,04 billion euros on June 30, 2016.

"Achieved the operating and financial results in the first semester of 2017 - the managing director of Fincantieri has commented, Giuseppe Bono - confirm the extraordinary ability to execution of the company and - it has added referring to industrial plan 2016-2020 - they strengthen our position in the attainment of the objectives of the plan".

Remembering that in the first six months of this Fincantieri year it has continued to harvest succeeded commercial with orders and agreements signed for a total of 12 cruise ships (included the options) and that in the period the buying and selling agreement for the acquisition of 66.66% of the capital of shipbuilding society French STX France from shareholder STX Europe has been undersigned, agreement that previews a purchase price for the quota object of the operation of 79,5 million euros that the Italian society will pay through resources financial institutions available ( on 19 May 2017), Bono has explained that "they continue the negotiations with the French State for the definition of a satisfactory structure of governance in STX France; we are trusting - he has specified the managing director of Fincantieri - than will conclude themselves in the respect of the condition, for us unavoidable, than the combination of the two societies he can create value ulteriorly".

Illustrating the perspectives for the next months, "in the second part of the year - Bono has said - we expect revenues in increase regarding the first semester, also thanks to the advance of the construction of ships to greater added value, the whose orders they have been acquired after the crisis, and flood entered in production of the acquired military programs in the recent years".