Shining results of the Fincantieri group in exercise 2017



In the 2017 navalmeccanico group Italian Fincantieri it has recorded an sensitive increment of the mainly determined economic performances from the best ones turned out achieved in the second half of the year of the year. In the entire exercise the 2017 revenues are piled to 5,02 billion euros, with an increase of +13.3% on 2016, of which 3,88 billion euros in the segment Shipbuilding (+19.6%), 943 million euros in Offshore segment (- 1.8%) and 558 million euros in the segment Systems, Members and Services (+12.7%). In particular, the sensitive rise of the volume of transactions in the field of the shipbuilding is produced is from the increase of +27% of the revenues in the section of the cruise ships, that it represents 49% of the total revenues of the group, is from the increase in the field of military ships (+5%).

The group EBITDA has turned out pairs to 341 million euros (+27.7%), of which 269 million relative to the segment Shipbuilding (+45.4%), 42 million to Offshore segment (- 17.6%) and 64 million to the segment Systems, Members and Services (+3.2%). Last year the operating profit of the Fincantieri group has turned out pairs to 221 million euros (+40.8%) and the profit to clearly 53 million eur4o (+278.6%).

Last year the group has acquired new orders for a total pairs to 8,55 billion euros, with an increment of +31.5% regarding 6,50 billion in 2016, of which 7,53 billion euros in the segment Shipbuilding (+45.0%), 888 million euros in Offshore segment (- 22.0%) and 573 million euros in the segment Systems, Members and Services (- 13.7%). Regarding the Shipbuilding field, with reference to the area of business of the cruise ships, in the arc of the Fincantieri year it has acquired orders for the realization of 11 units, of which two unit for Viking, two units for Carnival (destined to the brands Holland America Line and Princess Cruises), an unit hooligan-I dislocate for Silversea Cruises, two unit for MSC Cruises and four destined units of new conception to the brand Norwegian Cruise Line of the homonymous group. With reference to the area of business of the military ships, the group has acquired, through controlled Marinette Marine Corporation, an order for the realization of a new unit of the program Littoral Combat Ship of the class "Freedom" (LCS 27) as a result of the exercise of the option by US Navy.

The value of the pocketbook orders of the group on 31 December has been attested to 28,48 billion euros, in increase of +18.7% regarding 24,00 billion on December 31, 2016.

The total workload of the group on December 31, 2017 turns out pairs to euro 26,1 billion, of which 22 billion backlog (18,2 billion) and on December 31, 2016 4,1 billion soft backlog (5,8 billion on December 31, 2016) with a development of the store clerks in pocketbook previewed until 2026. Backlog and the total workload guarantees respective about 4,4 and 5,2 years of job if rapportati to the revenues developed in exercise 2017. Gross Al of the consolidations, the Shipbuilding field on December 31, 2016 represents 92% of backlog (90%), the Offshore field 6% (8% on December 31, 2016) and the field Systems, Members and Services 5% (6% on December 31, 2016).

In the single second half of the 2017 shipbuilding group it has totaled new orders for a value pairs to 4,18 billion euros, with a rise of +539.9% on the second half of the year of the year precedence, of which 3,65 billion in the segment Shipbulding (+2,996, 6%), 509 million in Offshore segment (+24.4%) and 250 million in the segment, Systems, Members and Services (- 27.7%).

In the second half of the year last year the revenues totals of the group have been pairs to 2,72 billion euros, in increase of +26.0% on the second half of 2016, of which 2,13 billion in the segment Shipbuilding (+29.1%), 495 million in Offshore segment (+16.7%) and 331 million in the segment Systems, Members and Services (+38.5%). The group EBITDA has been of 195 million euros (+26.6%), of which 154 million in the segment Shipbuilding (+32.8%), 20 million in Offshore segment (- 23.1%) and 39 million in the segment Systems, Members and Services (+39.3%). The Italian navalmeccanico group has closed the second half of the year of 2017 with an operating profit of 133 million euros (+38.5%) and with a profit clearly of 42 million euros (+366.7%).