Wednesday, July 23, 2014 - 12:30

Accordingly, in 2013, management continued its upgrade of processes with a view to increasing the scope and extent of group governance and risk management.

The organisational structure has also been updated so that it can respond to changing market needs and pursue greater efficiency. The recent reorganisation is driven by the need to centralise multibusiness project management and the need for greater cohesion between the various teams, particularly the contracts and sales teams.

Ansaldo STS group recognised a profit of €74,815 thousand for 2013, compared to €75,696 thousand for the previous year. Revenue came to €1,256,419 thousand, compared to €1,247,849 thousand and the ROS was 9.4%, in line with the previous year.

Performance was positive and substantially in line with forecasts. The group’s strong operational performance is shown by the early-2013 deliveries and good operation throughout the year of the Brescia and Milan automated metros, the rollout of the 2.5.3 build of the ERTMS signalling system in Sweden on the ESTER contract, the delivery of the first central equipment on the Turin-Padua railway line in Italy, andthe roll-out of the first stations of the Ankara metro at the beginning of 2014.

New orders totalled €1,483,587 thousand, compared to €1,492,346 thousand in 2012.

Specifically: the contract won as part of the ArRiyad New Mobility consortium for the construction of Line 3 (Red Line) of the new Riyadh metro for some €511 million; the contract for the construction of the first catenary-free Tramwave® system in China (Zhuhai municipality), the Algerian contract for the implementation of the ERTMS signalling technology for some €40 million and the contract in Morocco, as part of a specific consortium, to supply the centre for railway signalling, telecommunications and traffic control for the future Tangiers-Kenitra high-speed line for some €58 million.

The order backlog at 31 December 2013 totalled €5,601,021 thousand (31 December 2012: €5,683,253).