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FINCANTIERI BOARD OF DIRECTORS APPROVES 1H 2014 RESULTS WITH BACKLOG AT EURO 9.5 BILLION AND REVENUE AT APPROX. EURO 2 BILLION
21 lug 2014
21 lug 2014
Financial Highlights
• Order intake: euro 3,447 million (euro 1,843 million at 30 June, 2013)
• Backlog: euro 9,515 million (euro 6,830 million at 30 June, 2013)
• Revenue: euro 1,983 million (euro 1,894 million at 30 June, 2013)
• EBITDA: euro 142 million with EBITDA margin at 7.1% (euro 140 million at 30 June, 2013 with EBITDA margin at 7.4%)
• Net income from ordinary activities(1): euro 48 million (euro 55 million at 30 June, 2013)
• Profit for the period: euro 33 million (unchanged compared to 30 June, 2013)
• Net financial position(2): euro 184 million of net debt (euro 155 million of net debt at 31 December, 2013)
Business Highlights
• Solid order intake and confirmation of positive revenue trend across all segments and end markets
• Ability to increase backlog confirmed by MSC Project Seaside which testifies technological know-how and innovation as well as new client acquisition capabilities
• Ongoing discussions with the Italian Navy regarding the fleet renewal plan, confirmed in June with the approval of the multi-annual Defense program for the three years 2014/2016
Other Resolutions
• Evaluation of the independence requirements prescribed by Italy’s Corporate Governance Code
• Appointment of members of internal committees
• Appointment of the director in charge of the internal control system
Rome, 21 July 2014 – The Board of Directors of FINCANTIERI S.p.A. ("Fincantieri" or the "Company"), chaired by Vincenzo Petrone, approved the Half-year financial report at 30 June 2014, prepared in compliance with International Financial Reporting Standards (IAS/IFRS).
During the Board meeting Giuseppe Bono, Fincantieri's Chief Executive Officer, said: "The first half of 2014 confirms the soundness of our strategy, but especially marks the listing on the Italian Stock Exchange of Fincantieri, a major Italian industrial corporation that in recent years has become the largest Western shipbuilder and one of the most dynamic and diversified players in the sector. The first half of the year reports a continuously growing order intake and an upward trend in revenue in all the Group's business segments. The conditions for a further stage in the Company's development are therefore in place."
• Order intake: euro 3,447 million (euro 1,843 million at 30 June, 2013)
• Backlog: euro 9,515 million (euro 6,830 million at 30 June, 2013)
• Revenue: euro 1,983 million (euro 1,894 million at 30 June, 2013)
• EBITDA: euro 142 million with EBITDA margin at 7.1% (euro 140 million at 30 June, 2013 with EBITDA margin at 7.4%)
• Net income from ordinary activities(1): euro 48 million (euro 55 million at 30 June, 2013)
• Profit for the period: euro 33 million (unchanged compared to 30 June, 2013)
• Net financial position(2): euro 184 million of net debt (euro 155 million of net debt at 31 December, 2013)
Business Highlights
• Solid order intake and confirmation of positive revenue trend across all segments and end markets
• Ability to increase backlog confirmed by MSC Project Seaside which testifies technological know-how and innovation as well as new client acquisition capabilities
• Ongoing discussions with the Italian Navy regarding the fleet renewal plan, confirmed in June with the approval of the multi-annual Defense program for the three years 2014/2016
Other Resolutions
• Evaluation of the independence requirements prescribed by Italy’s Corporate Governance Code
• Appointment of members of internal committees
• Appointment of the director in charge of the internal control system
Rome, 21 July 2014 – The Board of Directors of FINCANTIERI S.p.A. ("Fincantieri" or the "Company"), chaired by Vincenzo Petrone, approved the Half-year financial report at 30 June 2014, prepared in compliance with International Financial Reporting Standards (IAS/IFRS).
During the Board meeting Giuseppe Bono, Fincantieri's Chief Executive Officer, said: "The first half of 2014 confirms the soundness of our strategy, but especially marks the listing on the Italian Stock Exchange of Fincantieri, a major Italian industrial corporation that in recent years has become the largest Western shipbuilder and one of the most dynamic and diversified players in the sector. The first half of the year reports a continuously growing order intake and an upward trend in revenue in all the Group's business segments. The conditions for a further stage in the Company's development are therefore in place."