SHARE
Shareholders approve 2006 financial statement and pay dividend Increases in profit (+21%), production value (+9.6%) and order book (+31%)
03 mag 2007
03 mag 2007
Meeting today in Trieste, Fincantieri’s Shareholders have approved the financial statement for the year ending 31st December 2006, which features significant improvements over the previous year, with a net profit of 58.7 million Euros (+ 21% compared to 48.5 million in 2005). Earnings before income tax at 115.7 million Euros (+ 15.9% compared to 99.8 million in 2005).
For the third successive year the Shareholders approved distribution of a dividend of 10.1 million Euros, equivalent to 3% of share capital; moreover, 2.9 million Euros, equivalent to 5%, were allocated to legal reserves and 45.7 million to the extraordinary reserve fund.
Other results clearly show that the company is in excellent health: value of production at 2,431.8 million Euros (up 9.6% compared to 2,217.8 million in 2005); a gross operating margin of 156.4 million Euros (up 4.5% compared to 149.7 million in 2005); an operating result of 128.4 million Euros (+ 16.7% compared to 110 million in 2005); a positive net financial position of 173 million Euros (+ 17.5% compared to 147.2 million in 2005).
During the course of the year commercial activities achieved record results: new orders worth 4.1 billion Euros, which, added to the total value of orders due for delivery, mean the company’s order book is worth 10.2 billion Euros (+ 31% compared to 7.8 billion in 2005). Considering the orders gained since the beginning of the year, the order book now stands in excess of 11 billion Euros, thereby ensuring that the company’s various shipyards will have appropriate workloads for the forthcoming years.
The great importance the company attaches to research, industrial development and innovation is underscored by its investments in R&D totalling 43.7 million Euros, most of which borne by the company.
In addition, results for the whole Group – which comprises Isotta Fraschini Motori S.p.A., Cetena S.p.A. and Fincantieri Marine Systems North America Inc. – have been equally satisfying, with a value of production at 2,466.7 million Euros.
For the third successive year the Shareholders approved distribution of a dividend of 10.1 million Euros, equivalent to 3% of share capital; moreover, 2.9 million Euros, equivalent to 5%, were allocated to legal reserves and 45.7 million to the extraordinary reserve fund.
Other results clearly show that the company is in excellent health: value of production at 2,431.8 million Euros (up 9.6% compared to 2,217.8 million in 2005); a gross operating margin of 156.4 million Euros (up 4.5% compared to 149.7 million in 2005); an operating result of 128.4 million Euros (+ 16.7% compared to 110 million in 2005); a positive net financial position of 173 million Euros (+ 17.5% compared to 147.2 million in 2005).
During the course of the year commercial activities achieved record results: new orders worth 4.1 billion Euros, which, added to the total value of orders due for delivery, mean the company’s order book is worth 10.2 billion Euros (+ 31% compared to 7.8 billion in 2005). Considering the orders gained since the beginning of the year, the order book now stands in excess of 11 billion Euros, thereby ensuring that the company’s various shipyards will have appropriate workloads for the forthcoming years.
The great importance the company attaches to research, industrial development and innovation is underscored by its investments in R&D totalling 43.7 million Euros, most of which borne by the company.
In addition, results for the whole Group – which comprises Isotta Fraschini Motori S.p.A., Cetena S.p.A. and Fincantieri Marine Systems North America Inc. – have been equally satisfying, with a value of production at 2,466.7 million Euros.