04 November 2009, 11:00 am

The board of directors of Ansaldo STS (STS.MI), chaired by Alessandro Pansa, has examined and approved the consolidated results to 30 September 2009, which showed a significant improvement compared to the same period of last year.

In the first nine months of 2009 the Ansaldo STS group registered a net profit of EUR 55.6 million, an increase of 11.2%, or EUR 5.6 million, on the figure of EUR 50 million recorded in the same period of 2008.

EBIT also advanced, with an increase of 7.8% versus the same period of 2008, to EUR 85.6 million, while the group’s ROS rose from 10.2% to 10.3%.

Value of production for the first nine months of 2009 was EUR 827.7 million, an increase of 6.7% on the figure of EUR 775.7 million for the same period of 2008.

The order backlog was EUR 3,822.2 million at 30 September 2009, a rise of 27.9% on the figure of EUR 2,987.6 million recorded in the first nine months of last year.

New orders totalled EUR 1,524.9 million, up 88.6% compared to EUR 808.7 million in the same period of 2008. This significant increase was due to the achievement of important company objectives, such as the EUR 541 million order in Libya, the largest in Ansaldo STS’ history.

At 30 September 2009, the company had a net cash position of EUR 245.7 million, compared to EUR 175.7 million in the same period of last year and EUR 195.9 million at the end of 2008.