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27 May 2019 The on-line newspaper devoted to the world of transports 14:06 GMT+2

February 26, 2019

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Still a year of decided increase for the Fincantieri group

Bono: ours is a company leader, true reference in world-wide the shipbuilding panorama

In the 2018 Fincantieri it has acquired new orders for a total value pairs to 8,62 billion euros, with an increment of +0.7% on the year precedence. New store clerks for a total of 7,13 billion (- 9.1%) are obtained in the Shipbuilding segment in which in the fourth trimester of the slid one the business unit cruise of the controlled Vard is met, previously included in the Offshore segment, as a result of the delisting of the society from the completed Stock exchange of Singapore on 2 November. In the Offshore segment and special ships the new orders are piled to 913 million euros (+93.8%) and in that Systems, members and services to 1,01 billion euros (+75.6%).

Al 31 last December the value of the pocketbook orders of the Italian navalmeccanico group has been attested to 33,74 billion euros, with a rise of +15.0% on on December 31, 2017, of which 29,62 billion in the segment special Shipbuilding (+13.9%), 1,86 billion in the Offshore division and ships (+18.9%) and 2,52 billion in that Systems, members and services (+27.7%).

Last year Fincantieri has recorded revenues pairs to 5,47 billion euros (+9.0%), of which 4,68 billion in the segment special Shipbuilding (+9.6%), 681 million in the Offshore segment and ships (+0.7%) and 651 million in that Systems, members and services (+16.7%). The EBITDA has turned out pairs to 414 million euros (+21.4%), with contributions from the three divisions pairs respective to 395 million (+46.3%), -20 million (respect to a positive contribution for 41 million in 2017) and 73 million (+14.1%). The EBIT of group has been pairs to 277 million euros (+25.3%) and the result of exercise to 69 million euros (+30.2%).

"The results that we have introduced - have commented the managing director of Fincantieri, Giuseppe Bono - they testify once again that ours is a company leader, true reference in world-wide the shipbuilding panorama, with of excellence that put to factor common competences and resources in the launches you live. The already in itself meaningful increase of the revenues, that they grow almost of 10%, is only a first step in the distance that aimed to an increase of the volumes of about 50% within 2022 and that it will demand a remarkable organizational effort and a clear vision of the future challenges. The total workload almost 34 billion euros, pairs to about 2% of the GDP Italian, and the visibility in the long term - it has emphasized Bono - supports the development of rows and technological districts of tip, creating an effect fly for the induced one and stimulating the innovation and the export Italian, and at the same time they assure a temporal horizon of pluriennale occupation for all the Italian yards of the group and for the wide one and diversified to Network of the supply, guaranteeing moreover stability financial institution. They have turned out simply only not only in the section in which we operate, but in the entire industry".

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