At the meeting that took place between the Group’s senior management and the financial community in London today, Ansaldo STS announced its full-year forecasts for the current year, updating the guidance previously disclosed, and its assessment of the market, with the company’s growth targets to 2012. For 2009, the Group is targeting organic growth, with revenues projected at around EUR 1,170 million, an EBIT margin of around 10.6%, corresponding to EBIT of around EUR 124 million and free operating cash flow of approximately EUR 110 million. Ansaldo STS forecasts a net cash position of around EUR 270 million at end-2009. At the end of the year, the order backlog should be worth around EUR 3,730 million with new orders worth approximately EUR 1,750 million.
Sergio De Luca, CEO of Ansaldo STS, said, “In recent years, Ansaldo STS has strengthened its role as a global player in its key market, by expanding its rail and metro business in countries experiencing rapid growth (China, India, Turkey, Malaysia, Libya and South Korea), while consolidating its position in advanced technology sectors such as high-speed rail in Europe.”