In the first trimester the economic results of RINA have grown, but the possible impact of the sanitary crisis is attended



In the 2019 revenues of the classification and accounting firm RINA they are piled to 476 million euros, with an increment of +7.5% on the exercise anniversary precedence. Budget 2019, approved of from the assembly of the shareholders met today to Genoa, shows a profit pre-IFRS 16 of 3,6 million euros regarding 2,6 million in 2018 clearly.

In a note RINA it has emphasized that 2019 the businesses of the group that always more becomes an international group, with 60% of the revenues outside from Italy and a collection of orders have been a year of increase for all near 400 million euros. The company has specified that the section marine has grown, in spite of the staticità of the market, so as the certification that has recorded a higher than average expansion of the field. Also the area industry and that of the energy are returned to grow. Moreover RINA has evidenced that the consulting engineering, activity branch that has cured the management of the project of the new viaduct to Genoa, has confirmed own excellence.

RINA has moreover announced that the position clean financial institution on December 31, 2019, supported from an improvement of the circulating, era of -127,5 million euros, regarding -131 million on December 31, 2018.

In occasion of the today's approval of the budget the 2019 company has announced that also the first trimester of 2020 has confirmed the increase reached in 2019, with quarterly revenues and EBITDA that has turned out in rise respective of +21% and of +8% regarding the same period of the year precedence. About perspectives future, RINA it has specified that, considered the economic context current due to the sanitary emergency Covid-19, possible impacts on the course economic-financial of the company of the next months are not excluded and have evidenced that all are being put in field the actions necessary in order to diminish them. To such care the company has appealed to the social shocks-absorber for the period May 2020 - August 2020.

"The determined current economic situation from the sanitary emergency - it has observed the president and CEO, Ugo Salerno - is most likely most challenging of the last years. The RINA fortunately enjoys a solid capital structure that goes absolutely preserved. The projections that constantly we carry out, today, do not allow us to make forecasts of closing of the exercise in course. In this phase we are concentrated on the business continuity of along term and to total level and, parallel, on safety and the well-being of the dependent and the customers".

The today's assembly has moreover named the members of the board of directors that will remain on December 31, 2022 in charge until the assembly of approval of the budget, reconfirming all the seven members precedence and the relative assignments: president Ugo Salerno; vices president Marco Cerrina Feroni and Giorgio Drago; councilmen Nazareno Cerni, Emanuele Grimaldi, Donatella Gavioli and Paolo Pierantoni. Reconfirmed also all the members of the board of auditors: Francesco Illuzzi, Giovanni Grazzini and Antonio Guastoni.

Al term of the assembly has met the new board of directors that has named Ugo Salerno managing director, charge that already it covered previously. In this occasion, Salerno has announced the nomination of Nello Sulfaro, already managing director of RINA Services, to general manager of group RINA. Sulfaro will have the apex role of responsibility on the entire organization, of coordination and optimization of all the operating and progettuali activities of the company. Paolo Moretti, already commercial director of the field Marine of the RINA, has assumed the charge of managing director of RINA Services, while Giosuè Vezzuto assumes the direction of the field shipping. Roberto Carpaneto besides the charge of managing director of RINA Consulting assumes the role of chief strategy officer for group RINA.