Tuesday, August 4, 2015 - 08:30

Ansaldo STS group recognised a profit of e39.3 million for the first half of 2015, compared to e36.3 million for the corresponding period of 2014. Revenue came to e632.4 million, up on the first half of 2014 (e581.1 million), and ROS was 9.2%, compared to 8.9% in the first half of 2014.

More specifically:

New orders totalled e464.6 million compared to e889.6 million for the first half of 2014; the order backlog amounted to e6,261.6 million (e6,120.8 million at 31 December 2014, e5,870.8 million at 30 June 2014).

Revenue came to e632.4 million, up by e51.3 million on e581.1 million of the first half of 2014. The increase is mainly due to a different mix as a result of commencement of the new contracts acquired in recent years.

Operating profit (EBIT) came to e57.9 million, up by approximately e6.0 million on the corresponding period of the previous year, mainly as a consequence of larger volumes. ROS was 9.2% compared to 8.9% for the first half of 2014.
The profit for the period came to e39.3 million (e36.3 million for the corresponding period of 2014).

The group’s net financial position amounted to e276.5 million, down by e16.9 million on e293.4 million at 31 December 2014 and e201.2 million at 30 June 2014.

Research and development expense recognised in profit or loss amounted to e18.6 million, up from the e13.7 million expense recognised in the corresponding period of the previous year. This is mainly due to the progress in the activities of the On Board and L2 and L3 ERTMS projects.

The group’s headcount decreased by a net 88 employees to 3,796 from 3,884 at 30 June 2014 and 3,799 at 31 December 2014.
The average headcount of 3,763 employees fell by 110 employees compared to 3,873 in the first half of 2014 (3,854 for 2014).