10 May 2006, 17:00 pm

Ansaldo STS: orders, profitability and cash flow increase in the first quarter 2006

The Board of Directors of Ansaldo STS, chaired by Mr Alessandro Pansa, approved the quarterly report on 31 March 2006.

With reference to the first quarter 2005:  Acquired orders increased in the period, growing by more than 39% and bringing the total order backlog to EUR 2.3 billion.

The income statement for the first quarter 2006, a period in which Ansaldo STS was listed on the stock market, shows a substantial increase in profitability, with EBIT at 7% of revenues and growth of 42% in absolute terms (excluding one-off listing costs this growth was 88%).

Free Operating Cash Flow increased from EUR 53.5 million to EUR 152.5 million in the first quarter 2006.