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FINCANTIERI: 2014 CONSOLIDATED FINANCIAL STATEMENTS AND DRAFT FINANCIAL STATEMENTS OF THE PARENT COMPANY.
13 mar 2015
13 mar 2015
Convening of the Shareholders’ Meeting
• Consolidated financial statements: profit of euro 55.3 million
• Separate financial statements: profit of euro 37.5 million
• Corporate Governance Report and Compensation Report
Rome, 13 March 2015 – The Board of Directors of FINCANTIERI S.p.A. ("Fincantieri" or the "Company"), held today and chaired by Vincenzo Petrone, approved the Consolidated financial statements at 31 December 2014 and the draft financial statements of the parent company at 31 December 2014, prepared in compliance with International Financial Reporting Standards (IFRS). As announced on 27 February 2015, with respect to Fincantieri’s preliminary results , consolidated profit amounts to euro 55.3 million and the profit of the parent company amounts to euro 37.5 million.
The Board of Directors resolved to propose to the Shareholders’ Meeting the allocation of FINCANTIERI S.p.A.’s profit for euro 1.9 million to the Legal reserve and for euro 35.6 million to the Extraordinary reserve. In line with the dividend policy previously announced by the management, the Board of Directors will not propose to the Shareholders’ Meeting to distribute dividends for 2014.
The Consolidated financial statements and the draft financial statements of the parent company were submitted to the Board of Statutory Auditors and to Fincantieri’s Independent Auditors together with the Report on operations. In accordance with Legislative Decree No. 58/98 (the “Italian Consolidated Financial Act”), the aforementioned 2014 financial statements will be made available to the public at the Company’s headquarters, on the Company’s website and in the other ways laid down by the regulations in force, within the terms provided for by the applicable laws, together with Statutory and Independent Auditors’ reports. Enclosed to this press release are the abstracts of the 2014 IFRS consolidated financial statements and of the financial statements of the parent company FINCANTIERI S.p.A.
The Board of Directors also approved the Report on Corporate Governance and Ownership Structure, prepared pursuant to Article 123-bis of the Italian Consolidated Financial Act, and the Compensation Report prepared in accordance with Article 123-ter of the Italian Consolidated Financial Act. These reports will be made available to the public in the ways and within the terms laid down by the regulations in force.
Ordinary and Extraordinary Shareholders’ Meeting
The Board of Directors convened the Ordinary and Extraordinary Shareholders’ Meeting to be held on 28 April 2015 on a single call.
- Ordinary Meeting – to approve the draft financial statements of the parent company at 31 December 2014 and examine the consolidated financial statements for the year 2014, and to deliberate on the allocation of the year’s profit. In accordance with Article 123-ter of the Italian Consolidated Financial Act, the Shareholders’ Meeting will also be called to express its non-binding vote on the first Section of the Compensation Report;
- Extraordinary Meeting – to resolve upon certain amendments of Article 5 of the By-Laws.
The Notice of the Ordinary and Extraordinary Shareholders’ Meeting and the documentation related to the items on the agenda will be made available to the public in the ways and within the terms laid down by the regulations in force.
The Manager Responsible for Preparing Financial Reports, Carlo Gainelli, declares, pursuant to paragraph 2 of article 154-bis of Italian Legislative Decree no. 58 dated 24 February 1998, that the accounting information contained in this press release corresponds to the underlying accounting books and records.
The press release on Fincantieri’s Preliminary consolidated financial statements at 31 December 2014 has been published on 27 February 2015 and is available on the webpage www.fincantieri.com in the Investor Relations section
• Consolidated financial statements: profit of euro 55.3 million
• Separate financial statements: profit of euro 37.5 million
• Corporate Governance Report and Compensation Report
Rome, 13 March 2015 – The Board of Directors of FINCANTIERI S.p.A. ("Fincantieri" or the "Company"), held today and chaired by Vincenzo Petrone, approved the Consolidated financial statements at 31 December 2014 and the draft financial statements of the parent company at 31 December 2014, prepared in compliance with International Financial Reporting Standards (IFRS). As announced on 27 February 2015, with respect to Fincantieri’s preliminary results , consolidated profit amounts to euro 55.3 million and the profit of the parent company amounts to euro 37.5 million.
The Board of Directors resolved to propose to the Shareholders’ Meeting the allocation of FINCANTIERI S.p.A.’s profit for euro 1.9 million to the Legal reserve and for euro 35.6 million to the Extraordinary reserve. In line with the dividend policy previously announced by the management, the Board of Directors will not propose to the Shareholders’ Meeting to distribute dividends for 2014.
The Consolidated financial statements and the draft financial statements of the parent company were submitted to the Board of Statutory Auditors and to Fincantieri’s Independent Auditors together with the Report on operations. In accordance with Legislative Decree No. 58/98 (the “Italian Consolidated Financial Act”), the aforementioned 2014 financial statements will be made available to the public at the Company’s headquarters, on the Company’s website and in the other ways laid down by the regulations in force, within the terms provided for by the applicable laws, together with Statutory and Independent Auditors’ reports. Enclosed to this press release are the abstracts of the 2014 IFRS consolidated financial statements and of the financial statements of the parent company FINCANTIERI S.p.A.
The Board of Directors also approved the Report on Corporate Governance and Ownership Structure, prepared pursuant to Article 123-bis of the Italian Consolidated Financial Act, and the Compensation Report prepared in accordance with Article 123-ter of the Italian Consolidated Financial Act. These reports will be made available to the public in the ways and within the terms laid down by the regulations in force.
Ordinary and Extraordinary Shareholders’ Meeting
The Board of Directors convened the Ordinary and Extraordinary Shareholders’ Meeting to be held on 28 April 2015 on a single call.
- Ordinary Meeting – to approve the draft financial statements of the parent company at 31 December 2014 and examine the consolidated financial statements for the year 2014, and to deliberate on the allocation of the year’s profit. In accordance with Article 123-ter of the Italian Consolidated Financial Act, the Shareholders’ Meeting will also be called to express its non-binding vote on the first Section of the Compensation Report;
- Extraordinary Meeting – to resolve upon certain amendments of Article 5 of the By-Laws.
The Notice of the Ordinary and Extraordinary Shareholders’ Meeting and the documentation related to the items on the agenda will be made available to the public in the ways and within the terms laid down by the regulations in force.
The Manager Responsible for Preparing Financial Reports, Carlo Gainelli, declares, pursuant to paragraph 2 of article 154-bis of Italian Legislative Decree no. 58 dated 24 February 1998, that the accounting information contained in this press release corresponds to the underlying accounting books and records.
The press release on Fincantieri’s Preliminary consolidated financial statements at 31 December 2014 has been published on 27 February 2015 and is available on the webpage www.fincantieri.com in the Investor Relations section