Genoa, 23rd July 2016
Ansaldo STS S.p.A.announces that the Guidance 2016 review with reference to R.O.S. (Return on Sales) and Net Debt (Net Financial Position) of the Company has been scheduled as item in the agenda of the Board of Directors’ meeting to be held on 27th July 2016.
In particular, the variation of the above mentioned data has been primarily determined by the outcome of the arbitration award related to the contract for Sirth – Benghazi Line in Libya, which sentenced against Ansaldo STS to reimburse about EUR 29 million to Zarubezhstroytechnology (as announced on 20th June 2016), in addition to legal interests and court expenses. Moreover, the variation has been also determined by effects of settlements entered into with strategic managers who left the Company during the first half of 2016 (as announced on 5th May 2016).
The Board of Directors will adopt any needed resolution.