Fincantieri, increase of the economic results and workload record



In the first six months of this year the revenues of the navalmeccanico group Italian Fincantieri are piled to 2,53 billion euros, with an increase of +10.1% on the first half of 2017, of which 1,89 billion euros in the segment Shipbuilding (+7.7%), 564 million euros in that Offshore (+25.9%) and 321 million euros in the field Systems, members and services (+41.4%). The EBITDA has been pairs to 183 million euros (+25.3%), of which 160 million euros in the field Shipbuilding (+39.1%), seven million euro in Offshore field (- 68.2%) and 34 million euros in the section Systems, members and services (+36.0%). The group has recorded a semiannual operating profit of 118 million euros and a profit clearly of 15 million euros, against respective 88 million and 11 million euros in the first semester last year.

In the first half of the 2018 value of the new acquired orders from the group it has been attested to 2,39 billion euros (- 45.3%), of which 1,13 billion from the Shipbuilding segment (- 70.8%), 1,10 billion from Offshore (+191.8%) and 376 million from the field Systems, members and services (+16.4%). The value of the orderbook of the group on 30 June turned out pairs to 27,66 billion euros, in increase of +6.1% regarding on June 30, 2017, of which 23,69 billion in the segment Shipbuilding (+4.1%) and 3,02 billion in that Offshore (+21.8%).

The total workload is gone up to the level euro record 29,79 billion euros, with an increase of +16.7% regarding 25,52 billion on June 30, 2017, of which 21,99 billion backlog (+7.6%) and 7,8 billion soft backlog respect about euro 5,1 billion on June 30, 2017, soft backlog - pocketbook that include the value of contractual options, letters of attempts and contracts in phase of negotiation - than, has specified the Fincantieri group, is in great part transformed in orders in July. Al 30 june the group had in pocketbook 99 ships, become 109 with the acquired orders in July.

""Fincantieri - the managing director of Fincantieri, Giuseppe Bono has said, commenting the semiannual performances of the group - has newly demonstrated to know to transform own industrial and commercial strategy in a solid economic performance and financial institution. Revenues, profits and marginalities are in increase regarding last year, and will see an acceleration in the second half of the year, confirming the lines guide of the industrial plan. I moreover hold to us to once again emphasize our extraordinary ability to acquire orders. Already a record at the close of the semester, with the new acquired orders in July our total workload exceeds 32 billion euros and testifies our ability to construct and to deliver punctually produced to highest added value. These orders will assure job to all the Italian yards for the years to come; only in 2018, we will develop in Italy about 15 million hours of production, giving a fundamental contribution to the export of the Country. Fincantieri - it has emphasized Bono - is a group hard that it has known, with own resources, to create a future diamond and that, in its current configuration, it assures stability in terms of job and of margins for the next years. Hard of this, the company will contribute in not subordinate position to the process of consolidation of the European shipbuilding industry".